FUNTRADER-Vera

0906 P3/8 USDCAD has a long way to drop

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has made a strong bear signal on weekly chart.
We should say we missed the best entry on daily chart when it made a bear signal at the end of 5th wave.
Now after breaking through the blue trend line , USDCAD is facing a direct down to 1.31 for 450 pips 1st impulse wave.

More supports on weekly chart are now marked out, saying USDCAD could make 1350 pips for the downtrend.

LESS IS MORE!

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