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jojofang0901

USDCAD Failed to break higher, reversal coming

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
jojofang0901 Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Rectangle Flag priceaction structure pattern impulse correction Wedge Parallel Channel
54
30
chartpattern rectangle flagpattern priceaction structure pattern impulse correction wedgepattern parallelchannel

Hello traders:

USD seem to be exhausted and many of the USD pairs are looking to lose strength across

Here on USDCAD price failed to form bullish continuation after breaking previous highs,
instead an ascending channel reversal was formed.

It then was follow by a bearish impulse on the lower time frame, and breaking out of the ascending channel now.

Good idea to watch for further bearish development,
a continuation correction on the lower time frame would confirm further downside to previous lows.

Thank you
Comment:
If you missed the sell,
wait for another
bearish correction to complete

snapshot
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