USDCAD - Bearish Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Feb 2, 2017 6:45 PM

On the Daily chart the downtrend is steep with a bearish engulfing!

On the 4 hour chart the downtrend is also equal to the 4 hour.

Previous support shows that the trend should keep dropping till this next support line.