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knibbofx
Aug 31, 2019 4:24 PM

UCAD UPDATE Short

U.S. Dollar/Canadian DollarFXCM

Description

On Friday, price closed with a bearish pin bar type candle on the 4 hour chart, showing huge rejection off the major zone of resistance (higlighted in red). Looking on the hourly chart, there's a nice evening star setup, indicating that bears may take control and push price down to the support zone (highlighed in green). If price breaks and closes below our support zone, we can expect bearish momentum to the 1.3179 handle.
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