so we see this usdcad double top at this weekly resistance zone. this was also a take profit level based on fib extensions. So what we have here is some confluence.
In order to short this market we need to wait until this market is at a resistance. right now it is at a support zone so we need to see a BREAK , and after the break we want to see a retest of this support zone which will turn into resistance.
The retest of the new found resistance would be a lower high.
remember : the trend is your friend.
In order to short this market we need to wait until this market is at a resistance. right now it is at a support zone so we need to see a BREAK , and after the break we want to see a retest of this support zone which will turn into resistance.
The retest of the new found resistance would be a lower high.
remember : the trend is your friend.