ESFX4

USDCAD POSSIBLE SHORT

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Negative dollar news earlier may be shifting it for the pair. Long term downtrend on higher time frame (daily) have recently put in what seems to be a lower high, suggesting a bearish leg to follow. 4hr time frame has just put in a head n shoulders pattern which shows might be ready for reversal. Will wait price to break below support zone (red area) and will then enter short after a bounce.

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