POSSIBLE SHORT TERM SELLS ON USDCAD

REASONS FOR THIS TRADE;

- STRONG BEARISH CONTINUATION ON HIGHER TIMEFRAMES.

- ON LOWER TIMEFRAMES, FORMING A POSSIBLE TRIPLE TOP. HENCE, POSSIBILITY OF BREAKING BELOW THE NECKLINE (1.24850)

- IF NECKINLINE IS BROKEN THEN THE TARGET IS 1.23600

- RISK TO REWARD RATIO IS 1:2

- RISKING 1% OF CAPITAL