FX-TradingLions

USDCAD | IS PLUMITTING DOWN HOWEVER....

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
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The trade is giving us new lower lows and bearish engulfing candles on the 4 hourly showing bear pressure is there, however a pullback/correction might happen and usually it pullback back to the moving averages,

so before taking this trade, look at lower timeframes and find new lower lows, if it keeps closing lower, you could enter this trade for a potential 50+ pips, before it reaches a higher timeframe up trend to stop this strong push.

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