I feel that there is momentum for the pair to come down.
Awaiting confirmation.
Comment:
USD/CAD Bear Flag
Close above the red line will invalidate this setup imo.
Blue lines represent two targets at different support levels.
RSI is facing strong resistance now but price may retest resistance.
MACD on the downside is much lower than previous sell-offs which indicates to me that this sell-off was much more violent and has more momentum to continue down.
Awaiting confirmation.
Does anyone have a similar idea or a completely different view?
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Close above the red line will invalidate this setup imo.
Blue lines represent two targets at different support levels.
RSI is facing strong resistance now but price may retest resistance.
MACD on the downside is much lower than previous sell-offs which indicates to me that this sell-off was much more violent and has more momentum to continue down.
Awaiting confirmation.
Does anyone have a similar idea or a completely different view?