WFFX

USDCAD Short - Third bounce of trend line

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD another pair at an area of interest, looking for further downside with this one with the third bounce off the trend line and printing a daily bearish engulfing.

Price has definitely slowed down over the past couple of weeks and been consolidating but with this bounce off the trend line we could see bears come back into the market and head to the downside.
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