GonzeeTrading

USDCAD Bearish momentum

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
HTF -> The market has been moving between dynamic support and resistance and it has recently touched the top of the ascending channel and moved impulsively from it.

LTF -> The price has hit a support level, but because we are in a bearish trend, the probability of the market to continue is higher than it is to reverse... So what I am expecting from the market to reach from 1.26066 and 1.25872, before bouncing back, because it was a previous level that was rejected.

Be aware of the EU conflict at the moment... Even though this is not related to the EU, however, EU reacts against the USD which consequently changes all other USD pairs.
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