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Usdcadidea

USDCAD BEARISH STRUCTUREUSDCAD | What'd be the next price action? As we can see on the provided timeframe(1W), price tends to be reacting to the current double top pattern that's being formed by forming a bear flag pattern which has apparently completed its cycle. So therefore in the coming weeks, so far we do not see a BMS from "1.3 - 1.35" will validate this idea. If you had stumbled on my penultimate analysis on my page, you'd notice a very similar pattern of this pair was identified on BTCUSDT chart which has been effective since then. It's not a news anymore that history repeats itself so watch out for the area to take a position. Ultimately, there'd a strong reaction at the neckline which is what would finalize this completion of the bearish double top pattern just as btc is presently reacting to its neckline area and then before taking a position make sure you have placed a reliable setup. More milk on this🤗. Your likes and comments would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates...
Short
by Pearl-A
USDCAD short trade idea before NFP data releaseUSDCAD has been on a bullish trend for ten days while market participants waiting for the Non-Farm payroll data release, and currently, we are seeing price form a head and shoulders pattern. personally, I am still waiting for the price completely formed H&S pattern and the price to break out of the 1.27190 support level, it will confirm my sell setup for this pair. The downside target will be at 1.26050. be patience ;) **Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
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