USDCAD Forming a Bear Flag

Hey Traders, USDCAD is trading in a downtrend, and now seems to be in a correction phase in which it is forming a bear flag and approaching the weekly 1.353 zone, if we get a decent retrace i would consider downsides toward more lows. fundamentally CAD data this period were positive and USD environment signals a less restrictive monetary policy from the fed as US data continue to print soft.
Trade safe, Joe.

Kommentar:

What a sniper entry!