USDCAD Week of 8/20/2017
1.Week of 8/19/2017
a. Weekly Price Action formation of a shooting star signaling we should be headed further down in price this week. The .618 / .786 retracement level has be test the past two weeks. Friday we saw the formation another bearish engulfing candle signaling further down side.
b.Trend – Bearish (Monthly , Weekly, EMAs crossed down)
c. Looking to get short against any pull back and catch more downside.
a. Weekly Price Action formation of a shooting star signaling we should be headed further down in price this week. The .618 / .786 retracement level has be test the past two weeks. Friday we saw the formation another bearish engulfing candle signaling further down side.
b.Trend – Bearish (Monthly , Weekly, EMAs crossed down)
c. Looking to get short against any pull back and catch more downside.
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