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Godfather-Pips

USDCAD SETUP 1:4

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Godfather-Pips  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance loonie USDCAD downtrend Bearish Patterns short trend dollar
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supportandresistance loonie usdcad downtrend bearish short trend dollar
Clearly identified the bearish trend and used the adopted shadow support and resistance technique to identify key buy and sell points.
The last week saw lots of bullish momentum pushing the Loonie up to the resistance level.
Hopefully, this week the bears can bring their momentum into the market so bring prices down to the support level.
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