2618 on 4 hours chart Short

U.S. Dollar / Canadian DollarFOREX.com

Description

⋅ Feb 1, 2018 3:55 AM

USD/CAD on monthly basis currently on downtrend

On the 4 hours chart a 2618 pattern has completed and there is a high chance of reversing. Resistance is seen on the 25EMA which increases the probability.

Although on the 1 hour chart, a momentum is buiding up for an uptrend. We see how it goes.

Trend Analysis