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RaynLim

Trade Ideas Educator: USDCAD ABCD

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
RaynLim  
FX:USDCAD   U.S. Dollar / Canadian Dollar
AB=CD Parallel Channel Trend Analysis askforex100 USDCAD trendtrading Relative Strength Index (RSI) rsioverbought
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abcdpattern parallelchannel trendanalysis askforex100 usdcad trendtrading relativestrengthindex rsioverbought
A bearish ABCD pattern set up for a trend trading trade and it is well resisted on the daily chart. The entire setup is within a bearish parallel channel based on the daily chart.

Candle confirmation is required for me to engage in the trade. Another setup that I can consider to engage at 10am(+8GMT). Can't wait for Monday.
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