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USD/CAD: bearish movement is coming.

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello every one
U.S. Dollar / Canadian Dollar

USD/CAD has formed a rising wedge pattern .this means it is time for bears to take control .after the break out happens the price can fall to the support levels shown in the picture. There are also regular bearish divergences on both MACD and RSI indicators which makes the bear market more reliable. after the break out we can take sell position with ease.

Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.

Thank you for seeing idea .
Have a nice day and Good luck.

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Comments

Great outlook, glad we share this view!
100 coins
Reply
Brilliant charting my friend!
+1 Reply
@Investroy, thank you a lot
Reply
proper TA with great summary I like it
+1 Reply
Good perspective🔥
+1 Reply
T_V_TreeTrader FieryTrading
@FieryTrading, thanks so much
Reply
Great analysis,thanks for sharing
+1 Reply
T_V_TreeTrader TradingAxis
@TradingAxis, You're welcome, good luck
Reply
totally agree
+1 Reply
T_V_TreeTrader MMBTtrader
@MMBTtrader, thank you mate
Reply