USDCAD BEARISH IDEA
H&S has been formed already and in our previous analysis we made this clear, again the neckline of the H&S was broken which we previously traded it on retest.
After this retest we expect the price it's low now however there were a raising trendline acting as support below after retest, if bears have the energy to push down then we'll reach the target of next support level of 2.30089.
The FED's pivot is underway and the interest rate hikes is expected to be halt my the FED, this will cause more weakness to greenback.
After this retest we expect the price it's low now however there were a raising trendline acting as support below after retest, if bears have the energy to push down then we'll reach the target of next support level of 2.30089.
The FED's pivot is underway and the interest rate hikes is expected to be halt my the FED, this will cause more weakness to greenback.
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