USDCAD MAJOR SUPPORT BREAKED

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USDCAD SELL ALERT

USDCAD has broken a major support level! A strong sell opportunity is forming.

Entry Level: 1.43050 (Confirmed breakdown of support)
Resistance Level: 1.47902 (Key level to watch)

Target 1: 1.41380 (First profit-taking level)
Target 2: 1.39860 (Deeper downside potential)


Indicator Confirmation: EMA50 on the 4H time frame signals a strong bearish trend.

Why Sell?
1️⃣Major support has been broken, indicating further downside.
2️⃣Price action confirms sellers’ dominance.
3️⃣EMA50 aligns with the bearish move.


⚠ Risk Management:
Use a stop-loss above the resistance to manage risk.
Position size according to your risk appetite.

Trade with caution & follow your strategy!

Penafian

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