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ThinkingAntsOk

USD/CAD Potential Bearish Scenario by ThinkingAntsOk

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ThinkingAntsOk  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis USD CAD USDCAD short analysis
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trendanalysis supportandresistance mtfa usd cad usdcad short analysis
4H CHART EXPLANATON:

Price has been on a strong bullish move for the last weeks, but now it is facing a strong reversal area. This is the Descending Trendline in confluence with the supply zone. The short term Ascending Trendine has been broken, and now we are waiting for a lower timeframe confirmation to take short trades here.

DAILY CHART ANALYSIS:

snapshot
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