bishopblue
Short

BEARISH SHARK OR 3 DIVES - SHORT

FX:USDCAD   U.S. Dollar / Canadian Dollar
2 scenarios for this, 1st a break on the top channel will be forming a bearish shark pattern. Breaking down of the trough will be forming a three dives pattern. Based on the DNA of this pair there will be another retest on the top channel before it finally breaks the trough. Since bears are in control as of the moment and the price is sitting on support level , I will wait for the breakout and retesting of the descending triangle or the 618 fibo before going short. Failure to break the lower trend line , It will revisit the 786 fibo or 1.30726
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