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TBonch

USDCAD Break and retest

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
TBonch  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Candlestick Analysis Chart Patterns Moving Averages USDCAD usdcadshort usdcadsell usdcadanalysis usdcadsetup usdcadidea usdcadh1 usdcadh4
8
1
candlestick chartpattern movingaverage usdcad usdcadshort usdcadsell usdcadanalysis usdcadsetup usdcadidea usdcadh1 usdcadh4
This Pair has broken out of a strong support zone with a bearish engulfing with a retest happening on the h1 where dojo candles are forming showing rejection of the zone.
Confirmations for trade:
  • Bearish engulfing breaking support.
  • Retest candles on H1
  • H4 and H1 MA showing bearish volume in market
  • NY open under support becoming resistance.
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