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TRDVMA

USDCAD COULD TURN DOWN

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TRDVMA Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
4
0
Rising wedge at the upper narrowing
trend channel line hitting a strong Resistance zone.
Shall go down
Comment:
Down turn occurred as predicted. Still believe that we have a large scale Head and Shoulders formation. Not wise to long USDCAD, until this formation is invalidated. Cheers
Comment:
Price is approaching the lower trend line (shown in cyan). The 1-5 formation needs to complete in order to evaluate whether the price will go back up or else. Stay tuned for further info.

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