USDCAD - Short-term bearish bias
PAIR IN FOCUS: USDCAD
ACTION: SHORT
HORIZON: SHORT-TERM
On the daily charting, we can see that price has printed a bearish engulfing candle, which offers a SHORT signal. This coincides with our shorter time frame bearish views.
On the H4 and H1 charting, we can observe that price is retesting a support/resistance level. Expecting a continuation of bearish momentum to the lower bound of the rising channel.
Feel free to discuss and leave comments, Cheers!
ACTION: SHORT
HORIZON: SHORT-TERM
On the daily charting, we can see that price has printed a bearish engulfing candle, which offers a SHORT signal. This coincides with our shorter time frame bearish views.
On the H4 and H1 charting, we can observe that price is retesting a support/resistance level. Expecting a continuation of bearish momentum to the lower bound of the rising channel.
Feel free to discuss and leave comments, Cheers!
Trade closed: target reached
Melted through TP 1!
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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.
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.