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Forex_League
24 mai 2020 20:49

USDCAD Analysis May 24, 2020 Short

U.S. Dollar/Canadian DollarFXCM

Description

On the monthly timeframe we are showing signs of reversal at a high. On the weekly timeframe we closed last week with a lot of sellers exhaustion. Down to the daily we have been ranging between the two highlighted red zones. Down the the h4 timeframe we have broken bearish and are awaiting our next LH opportunity. The trend line looks like a solid area to look for reversal and we will be patient and sit on this timeframe until we see an opportunity!
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