Hi Traders,
USDCAD is setting up for another drop as we could see on the HTF price has moving within an ascending channel with a strong reversal impulse push down from the top of the correction. To add confluence to this set up, we can also see a H&S pattern with the R shoulder completing to indicate further downside. If we look at the LTF, we can see price is moving within a correction after the strong impulse.
I will wait for a bearish confirmation before entering this sell position, target range 1.2458
Trade Safe
Thanks
USDCAD is setting up for another drop as we could see on the HTF price has moving within an ascending channel with a strong reversal impulse push down from the top of the correction. To add confluence to this set up, we can also see a H&S pattern with the R shoulder completing to indicate further downside. If we look at the LTF, we can see price is moving within a correction after the strong impulse.
I will wait for a bearish confirmation before entering this sell position, target range 1.2458
Trade Safe
Thanks
