USDCAD Short - Third bounce of trend line
USDCAD another pair at an area of interest, looking for further downside with this one with the third bounce off the trend line and printing a daily bearish engulfing.
Price has definitely slowed down over the past couple of weeks and been consolidating but with this bounce off the trend line we could see bears come back into the market and head to the downside.
Price has definitely slowed down over the past couple of weeks and been consolidating but with this bounce off the trend line we could see bears come back into the market and head to the downside.
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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.