USDCAD 4H TECHNICAL ANALYSIS
USDCAD (PipsPayTheBills):
There has been Tripple Tops hit on the Zone A at the resistance. This gave us 70 pips down to the support C on our channel and major support zone.
We await price action movement before entry.
If price breaks the Channel and Zone C downwards and retest the zone as resistance, we can enter a short trade.
This will also be a break of our bearish fractals which gives us a higher probability.
There has been Tripple Tops hit on the Zone A at the resistance. This gave us 70 pips down to the support C on our channel and major support zone.
We await price action movement before entry.
If price breaks the Channel and Zone C downwards and retest the zone as resistance, we can enter a short trade.
This will also be a break of our bearish fractals which gives us a higher probability.
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