2001 7/8 USDCAD facing a weekly reflection point on the channel
USDCAD has a uptrend channel on weekly chart.
However, this trend is making a correction since it reach the upper line of the channel again.
Those two bearish candlesticks in the last 2 weeks are making a bearish scenario for USDCAD.
Now is the problem of when to open a new position to short it .
On the right dialy chart,the purple zone is used for that possible position.
This is not a signal to trade, only for an assumption or plans on USDCAD.
Less is more!
However, this trend is making a correction since it reach the upper line of the channel again.
Those two bearish candlesticks in the last 2 weeks are making a bearish scenario for USDCAD.
Now is the problem of when to open a new position to short it .
On the right dialy chart,the purple zone is used for that possible position.
This is not a signal to trade, only for an assumption or plans on USDCAD.
Less is more!
