USD/CAD Analysis / Potential Short Opportunity
Hey guys, right off the bat we can see were at a resistance line, I'm starting to see a pullback which gives us a sign of a possible reversal is on the way.
Right where our entry price is our 21 MA is plotted, price fell around that general area therefore that's where we wanna have our sells come in.
Our support level is the 0.236 fibonacci retracement, which is right below our 21 MA.
Aiming for: 100 pips. Will Update this post.
Right where our entry price is our 21 MA is plotted, price fell around that general area therefore that's where we wanna have our sells come in.
Our support level is the 0.236 fibonacci retracement, which is right below our 21 MA.
Aiming for: 100 pips. Will Update this post.