Sellers trending continuation

Trend: Strong Sell

Support/Resistance:

R2: 1.31866

R1: 1.31332

S1: 1.30866

S2: 1.30400

S3: 1.29758

Price action:

Buyers are in sellers trending zone. Few hours ago buyers showed some momentum which might scared others, but sellers quick after retraced for 100%. Sellers are enough strong to break support level at 1.30866. If we hold below, then sell position is open to us.

Potencial trade idea:

Bears targets:

T1: 1.30400

T2: 1.29758

NOTE – We are trading USDCAD via the preferred trading setups by EliteFxAcademy