USDCAD sell opportunity for FX:USDCAD by Michael_Chenjerai — TradingView


Usdcad sell opportunity

the pair is in a downtrend and we have a strong resistance on a 2 hour timeframe

We also have a strong support on a 2 and 4 hour timeframes which offers a swing trade and breakout trading opportunity

A swing trade comes as the pair makes a pullback towards resistance and we can manage to sell as price approaches resistance

Second point of sell comes and price moves below strong support area

Use proper risk management


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