USD/CAD Analysis

Again, weakness for the US dollar has thrown a price action setup on the daily timeframe.

- Bearish candle on daily
- 6 rejections on 8ema
- Trend down
- Moving averages clear pointing down
- Only risk with trade here is 10021 resistance, but due to all the rejections of 8ema and momentum built towards the short side, i'll take this order

Order to short:

STOP: 10152
ENTRY: 10086
LIMIT: 9906

RISK/REWARD: near 3/1