Hi everyone,
Please see attached my USDCAD 1H chart analysis.
As we can see on the chart i have drawn out a key area which price is currently using as resistance.
We can see that there is a hammer candle forming at the top of this uptrend, this could be a potential sign of a reversal.
With the two things above considered I will be waiting for the close of the hourly candle and see if the sell trade is avaliable.
Add this to your watchlists people.
DWFX
Please see attached my USDCAD 1H chart analysis.
As we can see on the chart i have drawn out a key area which price is currently using as resistance.
We can see that there is a hammer candle forming at the top of this uptrend, this could be a potential sign of a reversal.
With the two things above considered I will be waiting for the close of the hourly candle and see if the sell trade is avaliable.
Add this to your watchlists people.
DWFX