USDCAD: Time to Go Lower 🇺🇸🇨🇦

Short

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

OANDA:USDCAD U.S. Dollar / Canadian Dollar

Multiple Time Frame Analysis Candlestick Analysis Parallel Channel USDCAD DJ FXCM Index USD CAD canadiandollar Forex

mtfa candlestick parallelchannel usdcad usdollar usd cad canadiandollar forex

snapshot

As I predicted, USDCAD dropped yesterday.
It turned out that the price managed to form a bearish engulfing candle on a daily time frame,
a support line of a rising parallel channel was broken on a 4h time frame then.

I believe that the pair may go lower.
Goals: 1.357 / 1.3533

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.