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VladimirRibakov

USDCAD Short Term Sell Idea

Short
Dollaro / Dollaro canadese (OANDA:USDCAD)  
VladimirRibakov  
OANDA:USDCAD   Dollaro / Dollaro canadese
Trend Analysis Support and Resistance Multiple Time Frame Analysis USDCAD SELL Bearish Patterns pullback range support
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trendanalysis supportandresistance mtfa usdcad sell bearish pullback range support
D1 - After the strong bullish move currently it looks like a correction is happening.

We have the first leg down followed by a pullback, currently it looks like the second leg is developing.

Expecting the price to continue lower further in the short term.

H4 - The price which is moving inside a range has currently reached the middle of it after bouncing from the top.

Basically I expect the price to continue lower further after pullbacks towards the strong support zone.
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