USDCAD H1 SHORT OPPORTUNITY - DOUBLE TOP PATTERN

Hey traders,

THis is my analysis on the USDCAD for the H1.

We can see a double top formation on the H1 charts.

Price has broken through the neckline and retested.

The neckline is also a S/R if we look at the left of the chart.

RIsk to Reward: 2

MACD also has bearish signs on the H4 with a cross.

An engulfing candle of the 2 previous bars shows bears coming in.




Daily trade analysis and ideas:

Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
Tiktok: @forexshinobi

ForexShinobi