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U.S. Dollar / Canadian Dollar
Short

USDCAD DAILY SHORT IDEA

By mlwinter
Updated
Great bounce from 61.8% and the roof of channel. This may be the start of a downwave. If green trendline is broken down, sell every pullback. It's possible that 61.8% is visited again. If it does, wait for bearish PA and sell targeting bottom of the rising channel as a main target.
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Wait for price to pullback, look for bearish PA and sell
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Starting to see start of pullback.
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Wrong chart above, Starting to see start of pullback to sell area
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Chart PatternsSupport and ResistanceTrend Analysis
mlwinter

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