Potential USDCAD Double Scenario

3
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GBPNZD Short Term Sell Opportunity forming

Hi Traders! I am following this pair and currently we have a potential USDCAD double scenario.

USDCAD H4 Chart:

In this pair our main direction is still down. We are after sells only. We are already in a good zone to start looking for shorts and the way to do so is first of all to see a breakout below 1.2650 zone. Then may expect corrections and then we can short.

Potential USDCAD Double Scenario

USDCAD H4 Chart:

Another scenario is to see one more push up, recreating the divergence a bit higher around 1.28 and then we can look for sells.

Potential USDCAD Double Scenario

 

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Potential USDCAD Double Scenario
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Yours,

Vladimir

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