USDCAD - SHORT
I'm personally not a fan of trading on 'breakouts' and smaller time frames however this is playing out nicely.
This pair has been in a bullish trend since the start of the year and has reached a key level of support. Looking into the smaller time frames you can see that this has now broke out of this pattern and believe the bears will take over and push this pair down now.
Going to wait for the market open on Sunday and see where price sits, if it is at the same area or lower it's time to trade.
Let's see how this pair play out.
This pair has been in a bullish trend since the start of the year and has reached a key level of support. Looking into the smaller time frames you can see that this has now broke out of this pattern and believe the bears will take over and push this pair down now.
Going to wait for the market open on Sunday and see where price sits, if it is at the same area or lower it's time to trade.
Let's see how this pair play out.
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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.