Hello traders
USDCAD seems to be bearish since the pulback on the green line at 1.2792. It's probably going to fall down to 1.2585 Target.
To be continued.
Note
I think a new bounce around 1.2780 is for soon. Just around the red support line. Then price will move back down to the next résistance level at 1.2680.Note
A double top is emerging. This is a confirmation for the downside scenario and a success to get back down to 1.2684 will confirm the double top pattern and strengthen the 1.2585 target.However 1.2879 is our invalidation point and break it is meaning trading scenario cancelled.
Note
Scénario cancelledTrade closed: stop reached
Failled attemptMaybe another time.
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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.