Looking for the strong weekly bearish trend to continue into this week. a continuing bullish oil and bearish usd will cause this pair to fall. *remember to always place your SLs*
usdcad recently hit daily support due to increase in oil price, positive cad news, and a weakening dollar, however, a good structure to the upside is forming on the h1. Could have lots of room to run but, still, tight stops for possible trend continuation to the downside.
There's a chart pattern showing a bullish flag on the h1. Tight stop for a possible trend continuation. Could be a great trade for longterm gains if correct.
