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alex_k_95

Next Move On USDCAD?

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
alex_k_95  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis USDCAD theprimes Forex usdcadshort tradingview trade usdcadtrade forexfactory
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trendanalysis chartpattern beyondta usdcad theprimes forex usdcadshort tradingview trade usdcadtrade forexfactory
Hello traders!

Lets talk about USDCAD.

Since August 2021 we can clearly see that we have an ascending channel followed by a repetitive behavior till present.

Currently the price touched a rejection point at 1.30759 and broke an ascending channel on the 1H chart signaling a reversal of the price.

When the price moved lower, it formed a bearish flag and I executed the trade.

Currently the price might be forming a bearish flag for more downside continuation.


#THEPRIMES
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