USDCAD has been a difficult pair to trade as it has been displaying wild swings both ways all week.
The weekly chart shows a massive bearish engulfing chart, so will continue to look for setups to short on the 15m & 1H.
The chart shows the pair has just finished correcting the leg from 1.4147 highs. The correction began at 1.3947 lows and unfolded as a zigzag with a double in the C wave.
So far we've seen a 15min bearish engulfing candle against the 76.4 Fib which falls at 1.4100
Short positions from this area favored for targets towards the 1.3800 area
The weekly chart shows a massive bearish engulfing chart, so will continue to look for setups to short on the 15m & 1H.
The chart shows the pair has just finished correcting the leg from 1.4147 highs. The correction began at 1.3947 lows and unfolded as a zigzag with a double in the C wave.
So far we've seen a 15min bearish engulfing candle against the 76.4 Fib which falls at 1.4100
Short positions from this area favored for targets towards the 1.3800 area
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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.
Related publications
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.