USDCAD DAILY ANALYSIS - DOWN TREND CONTINUES
Hey traders,
As mentioned in a previous idea we had a clear sign of reversal with the tweezer top/pin bar signal at the trend line.
Today was another victory for the bears as they managed to push price down for a strong 20 pip close.
I am still bearish on the USDCAD for the next week or two unless something changes.
Weekly pinbar is still relevant and that is reinforcing the bearish momentum I expect this week.
Previous analysis:
Weekly pinbar:
As mentioned in a previous idea we had a clear sign of reversal with the tweezer top/pin bar signal at the trend line.
Today was another victory for the bears as they managed to push price down for a strong 20 pip close.
I am still bearish on the USDCAD for the next week or two unless something changes.
Weekly pinbar is still relevant and that is reinforcing the bearish momentum I expect this week.
Previous analysis:
Weekly pinbar:
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