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gibbsys

USDCAD Short Parallel Channel

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
gibbsys  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Parallel Channel Support and Resistance Trend Lines USDCAD lowerlow lowerhigh
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parallelchannel supportandresistance trendline usdcad lowerlow lowerhigh
Nice descending parallel channel set up on USD CAD. Also a general bearish trend on a wider time frame.
Notice Lower Highs and Lower lows on the chart.

We look for a retracement to the 0.618 Fib Level
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