USDCAD, A trading range or bear flag?
USDCAD / 1D
Hello traders, welome back to another market breakdown.
USDCAD has been trading in a bullish trend on higher time frame. The price is still in the bull-back mode.
Bears want a bear flag with another leg lower.
Bulls want some kind of double bottom, micro double bottom or lower high major trend reversal for the next leg higher.
The odds favor the bulls so far, checkout the chart for where I'll be interested in a swing trade.
Trade safe,
Trader Leo.
Hello traders, welome back to another market breakdown.
USDCAD has been trading in a bullish trend on higher time frame. The price is still in the bull-back mode.
Bears want a bear flag with another leg lower.
Bulls want some kind of double bottom, micro double bottom or lower high major trend reversal for the next leg higher.
The odds favor the bulls so far, checkout the chart for where I'll be interested in a swing trade.
Trade safe,
Trader Leo.
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Youtube:
m.youtube.com/@beatthemarket4871
Our recommended broker EightCap: join.eightcap.com/visit/?bta=37691&brand=eightcap