USDCAD POTENTIAL SHORT OPPORTUNITYHello Everyone!
How are you all?
UsdCad is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. Strong Rejection of the AOI and Sell Impulse move.
2. The price has formed a sell structure in the form of HnS.
3. The price is approaching the value area on the LTF.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High.
Entry : will look for a risk sell entry within the flag.