USD CAD PROBABLE SHORT IDEA
Updated
Hello Traders,
Price has returned back into triangle after breakout of yesterday with strong rejection at 1.3270 level which is signalling Strong Bearish trend Resumption..
However such price action has also formed Parallel Channel formation , which may provide some support in meantime , However we expect ascending short term trendline to break and USDCAD to continue its downtrend.
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Price has returned back into triangle after breakout of yesterday with strong rejection at 1.3270 level which is signalling Strong Bearish trend Resumption..
However such price action has also formed Parallel Channel formation , which may provide some support in meantime , However we expect ascending short term trendline to break and USDCAD to continue its downtrend.
Please follow us for more updates & ideas
Note
as expected price started moving lower
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