USDCAD significant downside break
USDCAD is breaking below the strong consolidation resistance 1.2580. This break is opening a downside acceleration and continuation lower to 1.2000. An upside reversal here and a break above 1.2600 again will lead to invalidation of the downside continuation. Indicators point to further weakness as this uptrend line was not broken since June 2021.
Note: look for the short trade entries with the stop loss above 1.2580
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
REAL-TIME TRADERS EDUCATION! TRADER’S CLASSROOM ONLY $69 PER MONTH!
