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UnknownUnicorn410332
Dec 5, 2017 6:49 AM

USDCAD WEEKLY LOOKING BEARISH Short

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD weekly chart

A setup like this doesn't happen often, so when it does I take advantage of it.

Bearish Evidence:

1. Price breaks long term trendline supp (now ress)
2. Price pulls back to value and creates two high test candlestick patterns
3. Price rejects 50 ema
4. Price rejects weekly / daily ress @ 1.277

I'm expecting price to reach over the coming weeks / months to reach structure support around 1.22350.



Signed, Pablo Santander
Swing Trader

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