Short Opportuity: U.S. Dollar/ Canadian Dollar bearish signal
In this analysis, we see that trend is become more barish than bullish. Right now, we have a bearish rising wedge and that chartist pattern mean that the next movement is goes to be bearish. That is the H2 timeframe and I detect that we could see another short oppotunity to find down 200 pips.
I see in H4 timeframe that was just a consolidation, but this consolidation is peak us in H2 timeframe based on this bearish chartist pattern that we see in our eyes.
Well, I put a short order limit at $1.3150 CAD with a SL at 29 pips and my own target will be 200 pips.
Based in the U.S. Dollar fundamentals, we see that Dollar is hols gains as uncertainty weighs on market sentient on the vaccine woes. But I do not surprise on this specualte news because we're going to down and maybe, that not cause a notable impact for me. Because the thing in United States is become so seriously situation on the covid-19 and the issues on the U.S. government on the aid financial for the american citizenes!!!
That basic fundamentalss put an U.S. Dollar in risk.
I see in H4 timeframe that was just a consolidation, but this consolidation is peak us in H2 timeframe based on this bearish chartist pattern that we see in our eyes.
Well, I put a short order limit at $1.3150 CAD with a SL at 29 pips and my own target will be 200 pips.
Based in the U.S. Dollar fundamentals, we see that Dollar is hols gains as uncertainty weighs on market sentient on the vaccine woes. But I do not surprise on this specualte news because we're going to down and maybe, that not cause a notable impact for me. Because the thing in United States is become so seriously situation on the covid-19 and the issues on the U.S. government on the aid financial for the american citizenes!!!
That basic fundamentalss put an U.S. Dollar in risk.