TomProTrader

#USDCAD: Nice Bearish Momentum To The Lows- Towards Mean #Forex

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
11
Traders,

Well done to my signals group who have consistently been taking my USDCAD short recommendations. We have made a nice fortune off of this pair recently.

Nice bearish momentum shown here. Expecting price to move to the mean eventually. Notice the multiple crossover moving averages which are creating a nice resistance on the Fibonacci pullback. Move lower very likely off of this level.

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Best of luck,
Tom
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