USDCAD bearish view
Reasons for potential short
1. daily trendline 3rd tap
2. 4H EMA resistance
3. counter trendline broken en retested
4. daily fib 61.8 tapped, 4 hourly fib 50 tapped
(5. currently below psychological level 1.3100, if we can remain here.)
Reasons for longs
1. strong weekly support zone
2. ...
1. daily trendline 3rd tap
2. 4H EMA resistance
3. counter trendline broken en retested
4. daily fib 61.8 tapped, 4 hourly fib 50 tapped
(5. currently below psychological level 1.3100, if we can remain here.)
Reasons for longs
1. strong weekly support zone
2. ...
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