looking to short #USDCAD if some criterias are being met
USDCAD which has been on a downtrend had broken our weekly support key zone now turned resistance, retraces coming back to retest, gives us a double top inline with our ema, rejection at 781 fib level, we will wait for it to break our ctl before looking to go short, but there are a lot of confluences inline already to make us consider going short. Knowing how to plot these key levels, knowing how to use your fib properly is key too.