Deus
Short

Loonie up versus dollar

FX:USDCAD   U.S. Dollar / Canadian Dollar
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Somewhere recently I saw bearish bias towards USDCAD and I think I go with it.

On the left, I see a clear EW count of what could be the first wave down. Waiting for ABC correction to form before going short. On bigger timeframes, the picture is also bearish (look how it pierced through and was rejected by MAs). According to my earlier post, I see an upcoming rally in EURUSD https://www.tradingview.com/chart/EURUSD... which kind of confirms bearish bias here if this is due to dollar weakening.

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