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VladimirRibakov

USDCAD Sell Idea

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
VladimirRibakov  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis USDCAD SELL Bearish Patterns Parallel Channel bearishhiddendivergence criticalzone
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trendanalysis chartpattern waveanalysis usdcad sell bearish parallelchannel bearishhiddendivergence criticalzone
W1 - Price broke below the bottom of the channel. Currently it looks like a pullback is happening.

D1 - Bearish hidden divergence.

H4 - Potential triple or special cycle forming. Currently the last leg is developing,

We also have a critical zone that has formed based on the bottom of the W1 channel and the fibo levels of the cycles.

We may now expect one more push higher with the price reaching the critical zone, we may then start looking for sells with more bearish evidences.
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