USDCAD Short Setup

93
Three Harmonics, potential Three drives pattern on this impulse wave. Bearish divergence, Approaching strong resistance,

I'm looking to sell

This might break above the daily pennant most traders have drawn, which may lure many investors to buy, but I believe it is a trap and we'll see it drop mid day tomorrow right back into the pennant (below the black trendline) and begin to consolidate once more.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.