CobraVanguard

USD/CAD: bearish movement is coming.

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FX:USDCAD   美元 / 加元
Hello every one
U.S. Dollar / Canadian Dollar

USD/CAD has formed a rising wedge pattern .this means it is time for bears to take control .after the break out happens the price can fall to the support levels shown in the picture. There are also regular bearish divergences on both MACD and RSI indicators which makes the bear market more reliable. after the break out we can take sell position with ease.

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Have a nice day and Good luck.


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