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ForexGoldenBoy

USDCAD Downtrend

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ForexGoldenBoy Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Support and Resistance
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trendanalysis supportandresistance

Hello traders

USDCAD seems to be bearish since the pulback on the green line at 1.2792. It's probably going to fall down to 1.2585 Target.

To be continued.
Comment:
I think a new bounce around 1.2780 is for soon. Just around the red support line. Then price will move back down to the next résistance level at 1.2680.
Comment:
A double top is emerging. This is a confirmation for the downside scenario and a success to get back down to 1.2684 will confirm the double top pattern and strengthen the 1.2585 target.

However 1.2879 is our invalidation point and break it is meaning trading scenario cancelled.
Comment:
Scénario cancelled
Trade closed: stop reached:
Failled attempt

Maybe another time.
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