USDCAD: Classic Range Trading 🇺🇸🇨🇦

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美元 / 加元 (OANDA:USDCAD)

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OANDA:USDCAD 美元 / 加元

Candlestick Analysis Parallel Channel Rectangle USDCAD DJ FXCM Index dollar USD canadiandollar priceaction priceactionanalysis priceactiontrading

candlestick parallelchannel rectangle usdcad usdollar dollar usd canadiandollar priceaction priceactionanalysis priceactiontrading

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Hey traders,

As we earlier discussed, USDCAD is stuck within a horizontal trading range.
Yesterday the price reached its upper boundary.

A bearish engulfing candle that was formed then is a perfect indicator of the strength of sellers.
For that reason, the pair will most likely drop to 1.269 / 1.2665 levels.

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Check my new idea on GBPAUD:

GBPAUD: Bearish Continuation 🇬🇧🇦🇺

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