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donalddoucette

A closer look at the USDCAD

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
donalddoucette Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Beyond Technical Analysis
4
1
trendanalysis harmonicpatterns beyondta
The bear flag forming and it is getting close to dropping below the 100 MA with the 20 MA getting on board for the cross
Comment:
A possible retest ?
Comment:
Looks like the pair just made a new LH with the recent retest of the lower channel of support.
A close below the MA's and the recent low with a retest of that recent low should do it for a trade entry.
That would be a plan, lets see how this plays out.
Comment:
Not today anyway. But if it holds the day at the long term trendline, it could be forming a double top. So next week could be a move lower.
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