USDCAD Break and retest Short

USD/CADOANDA

Description

⋅ Jan 16, 2020 11:40 AM

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.

Comments

transparent-fx

⋅ Jan 20, 2020 2:07 PM

it will be interesting to see the development