Please see above analysis on Usd/Cad
We are seeing signs of weakness across the board with USD and we expect to see a bearish move one way or the other here on Usd/Cad.
We have broken our Ascending trend and we have the potential to see the formation of a head and shoulders.
With the above in mind it may not come to fruition and we simple may see the market start to melt from this area depending on how aggressive the move is going to be.
We will continue monitoring this pair for some structural confirmation and take our entry on signs of a confirmed reversal on the 1hr chart.
Let me know in the comments below your thoughts on this pair.
Fx Chartist
We are seeing signs of weakness across the board with USD and we expect to see a bearish move one way or the other here on Usd/Cad.
We have broken our Ascending trend and we have the potential to see the formation of a head and shoulders.
With the above in mind it may not come to fruition and we simple may see the market start to melt from this area depending on how aggressive the move is going to be.
We will continue monitoring this pair for some structural confirmation and take our entry on signs of a confirmed reversal on the 1hr chart.
Let me know in the comments below your thoughts on this pair.
Fx Chartist
Order cancelled:
No entry; requirements not met.
The Fx Chartist
The Fx Chartist