USDCAD completed a BEARISH BUTTERFLY formation creating a PIN bar to confirm the reversal. Price dropped close to 140pips from the point at which the butterfly was completed. I could see the formation of an emerging 5-0 as price keeps dropping. I expect the fall to continue to 1.27900 - 1.27600 region or lower.
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.