TrickleDownFX

USD/CAD DISTRIBUTION SCHEMATICS!

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello my beauties.

I think USD/CAD is in a phase of distribution, right before a powerful markdown. Check my previous analysis, we had predicted the moves that happened and we were expecting a retest of resistance before melting further down below the red line, that defines the trading range, according to the Wyckoff schematics of distribution.

If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.

Consider supporting me if you think I am providing you with value.

Peace.

Luca, TrickleDownFX

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.