Anbat
Short

USDCAD- Bearish Next Week!!

FX:USDCAD   U.S. Dollar/Canadian Dollar
96 0 7
On USDCAD             1 day chart, a PINBAR bearish reversal three candlestick pattern has just happened with this pair. If you don't understand and/or know what a Pinbar candlestick pattern is (please) read about it. This is one of the most reliable reversal patterns, especially on longer term charts, like this daily one.

At this time both ema 50 (black line) and ema 200 are above PA. PA on last day of trading was bearish . From RSI being under 50 at this time, this will be a generally bearish or sell trades this coming week for myself. Remember, on short term trades TRUST your charts and PRICE ACTION-- anticipation of trend changes will keep you trading with trend.
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