0810 Wkly OUTLOOK USDCAD bearish bowl to 1.207-1.22

Updated
Hello traders,

USDCAD is very bearish on the wkly chart. It could make a retest of the two support dash line before making sideways price action.

Keep this in mind to guide your later trades on this pair.
We got 1st trade to sell hit all targets with the ABC wave idea.
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And the 2nd trade yesterday based simply on the idea wkly trend continuation.
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Considering USDJPY on the opposite way to run, CADJPY now is a great choice to trade alone with the channel to continue uptrend.
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With that view on wkly chart, we got 1st trade on CADJPY hit all targets too.
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The new one is still running
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Good luck on those pairs.
LESS IS MORE!
Trade closed: target reached
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Chart PatternsTrend AnalysisWave Analysis

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