USDCAD WEEKLY LOOKING BEARISH
USDCAD weekly chart
A setup like this doesn't happen often, so when it does I take advantage of it.
Bearish Evidence:
1. Price breaks long term trendline supp (now ress)
2. Price pulls back to value and creates two high test candlestick patterns
3. Price rejects 50 ema
4. Price rejects weekly / daily ress @ 1.277
I'm expecting price to reach over the coming weeks / months to reach structure support around 1.22350.
Signed, Pablo Santander
Swing Trader
A setup like this doesn't happen often, so when it does I take advantage of it.
Bearish Evidence:
1. Price breaks long term trendline supp (now ress)
2. Price pulls back to value and creates two high test candlestick patterns
3. Price rejects 50 ema
4. Price rejects weekly / daily ress @ 1.277
I'm expecting price to reach over the coming weeks / months to reach structure support around 1.22350.
Signed, Pablo Santander
Swing Trader