FX.co ★ USDCAD approaching 1st resistance , further drop expected !

Price is facing bearish pressure from our 1st resistance, where we could see a further drop towards 1st support at the horizontal swing low. Ichimoku is also indicating more bearishness to come.

Trading Recommendation

Entry: 1.3185

Reason for Entry:

horizontal overlap resistance

Take Profit :1.3142

Reason for Take Profit: Horizontal swing low

Stop Loss: 1.3215

Reason for Stop loss:

horizontal overlap resistance