Week 4 USDCAD
Looking for a pullback on USDCAD to continue this downtrend. Many bearish signals here, both short and long term. Daily chart just broke below 50MA and OBV is pushing lower. H4 shows a recent break of both 200 and 50 MA. Ideal entry in tan rectangle which would be a nice pullback with a target in to the green; the bullish divergence forming on the H1 supports this pullback.
Pullback Setup
ENTRY 1.40057
TP 1.38712
SL 1.40516
RR 2.9
Pullback Setup
ENTRY 1.40057
TP 1.38712
SL 1.40516
RR 2.9
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