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JoeChampion

USDCAD Forming a Bear Flag

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
JoeChampion Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Beyond Technical Analysis Fundamental Analysis USDCAD USD CAD SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis beyondta fundamental usdcad usd cad sell short bearish technicalanalysis containsimage
Hey Traders, USDCAD is trading in a downtrend, and now seems to be in a correction phase in which it is forming a bear flag and approaching the weekly 1.353 zone, if we get a decent retrace i would consider downsides toward more lows. fundamentally CAD data this period were positive and USD environment signals a less restrictive monetary policy from the fed as US data continue to print soft.
Trade safe, Joe.
Comment:
What a sniper entry!
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