USDCAD Potential double top

Short

U.S. Dollar / Canadian Dollar (FX:USDCAD)

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

Candlestick Analysis Double Top or Bottom Supply and Demand USDCAD usdcadshort usdcadanalysis candlestickpattern

candlestick doubletoporbottom supplyanddemand usdcad usdcadshort usdcadanalysis candlestickpattern

USDCAD Potential double top

Buyer failed to push the price higher than the first top
which shows the bullish momentum is exhausted.
what we can do is to trade this potential 2nd top.
With SL above 1.32080 and aim for a drop to 1.31355
and 1.31141

Trade closed: stop reached:

snapshot

Comment:

snapshot

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