Bears taking over the USDCAD

29 בדצמ׳ 2022

This is the view of the 4hr time-frame chart, although there are more information to consider from the bigger time-frames, we can see a clean break of structure to the preceding uptrend. the previous low has been broken indicating a possible reversal to the downside. I have marked out my sellzone of which I pray the market pulls back to and then I enter in for a sell trade to the to the last major support zone.

NOTE: Manage risk when entering this position, it provides good risk to reward ratio for big returns on small risk.