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TheBulltrader
Feb 12, 2020 3:19 AM

USDCAD Double top Short

USD/CADOANDA

Description

USDCAD is showing some weakness near an important double top level. If top remains, then this could be a bull fake out and I would assume a near 50% retracement. It is very interesting that we did make lower lows since 2019. If this is the case, perhaps this could be a mega short back to 1.29-1.30 area.
Comments
TheBulltrader
I know this is aggressive, but dang, there could be a huge channel down from here.
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