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VladimirRibakov

USDCAD Sell Idea

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
VladimirRibakov  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis USDCAD SELL Bearish Patterns Parallel Channel breakout pullback bearishhiddendivergence bearishdivergence
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trendanalysis chartpattern waveanalysis usdcad sell bearish parallelchannel breakout pullback bearishhiddendivergence bearishdivergence
W1 - Price broke below the channel, currently it looks like a pullback is happening.

D1 - Bearish hidden divergence.

H4 - Bearish divergence. We have two possible scenarios:

- One more push higher and then we may look for sells with bearish evidences.
- Immediate continuation lower.

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