elliot_cayer

USDCAD Anticipating More Sells

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Beautiful move to the downside closing below the bear flag on the daily chart so only looking for sells on the 1H chart anticipating the continuation to the downside. Line in the sand for me is the outer Ascending Channel that can provide support but if we can break that channel that can open up massive downside potential. Otherwise we could get a move to the upside and a larger correction or move to the double top for another sell at the top
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.