USDCAD: Sell Set Up #Forex

Traders,

UPDATE: Price broke a sideways support within structure, it has broken out now is a good time to get some downside activity.

Compelling bearish signals at the top of the range at the sideways resistance line shows investors clearly
acknowledged this level as a place for potential downside opportunity. It appears the bulls have been swiped and a new downside agenda is clear. Expecting to see strong lows from this move, with a logical target being the sideways support level, bottom of structure. Crude Oil prices continue to rally, meaning it makes logical sense to consider shorting Canadian dollar crossovers.

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