USDCAD - Daily analysis
Hello.
As of my previous analysis on usdcad, the pair reached its target then bounce back. if today's candlestick remains the way it is now, we can expect the continuation of bearish move.
the target levels to meet are shown on the chart. the USDCAD pair can complete a max Gartley or Leonardo pattern on the way down.
For trading on this pair, we can wait till the up trendline breaks on 4h or daily candle then enter for short position.
If the pair breaks the down trendline, then I'll share my analysis about bullish targets later. but still, I strongly believe the pair will continue its bearish move for now.
P.S: My previous analysis on USDCAD pair
As of my previous analysis on usdcad, the pair reached its target then bounce back. if today's candlestick remains the way it is now, we can expect the continuation of bearish move.
the target levels to meet are shown on the chart. the USDCAD pair can complete a max Gartley or Leonardo pattern on the way down.
For trading on this pair, we can wait till the up trendline breaks on 4h or daily candle then enter for short position.
If the pair breaks the down trendline, then I'll share my analysis about bullish targets later. but still, I strongly believe the pair will continue its bearish move for now.
P.S: My previous analysis on USDCAD pair
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