Get started
chiefcapitalfx

7th of may usd/cad bearish setup.

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
chiefcapitalfx  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns USDCAD dollar caddollar Bearish Patterns Support and Resistance retracementlevels
4
0
trendanalysis chartpattern usdcad dollar caddollar bearish supportandresistance retracementlevels
USD/CAD has reached daily resistance zone (green). Price went on to make a rising wedge after with a retracement of 0.7 from previous HIGH at weekly resistance level (purple).

Price than consolidated for a bit ranging between 1.347 to 1.340 with price creating a new 4hr resistance zone (yellow).

snapshot
snapshot
snapshot
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.