USDCAD DAILY ANALYSIS - DOWN TREND CONTINUES
Hey traders,
As mentioned in a previous idea we had a clear sign of reversal with the tweezer top/pin bar signal at the trend line.
Today was another victory for the bears as they managed to push price down for a strong 20 pip close.
I am still bearish on the USDCAD for the next week or two unless something changes.
Weekly pinbar is still relevant and that is reinforcing the bearish momentum I expect this week.
Previous analysis:
Weekly pinbar:
As mentioned in a previous idea we had a clear sign of reversal with the tweezer top/pin bar signal at the trend line.
Today was another victory for the bears as they managed to push price down for a strong 20 pip close.
I am still bearish on the USDCAD for the next week or two unless something changes.
Weekly pinbar is still relevant and that is reinforcing the bearish momentum I expect this week.
Previous analysis:
Weekly pinbar:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.