Hi everyone:

USDCAD has been on my watch for quiet some time now. WE can tell the daily chart is way over extended without a proper pullback/correction. In order for it to continue to drop, it must pullback and form another lower high to continue downward. In the next few weeks, expect a bullish pullback to around 1.2900 level, then we are all going to enter a short position for a long term.

I will be interesting in a bullish pullback, but main focus is the short once price action form a lower high on daily. Keep an eye on any potential long trade this week or next.

Thank you for your support and feedback.
CADChart PatternsdollarFibonacciloonieMultiple Time Frame AnalysisUSD

Also on:

Related publications

Disclaimer