USD/CAD:Downward movement at 4H and short-term correction
Fibonacci correction at levels of resistance 23.6%
engulfing bar at levels of resistance 23.3 at Fibo and horizontal resistance
Current bearish engulfing bar in the direction of the short-term lower move
CCI(50) below 100
If RSI goes below 0 this will give us a conformation of the movement
SL: 1.3033
Entry after correction of 15-20 pips at a price 1.2909
Alternative scenario:
If the price goes above 1.3030 this will change the long movement
Stefan D. Angelov - Head of Stocks Trading
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