USDCAD Reversal - Cheap Canadian Dollar In demand Zone
My Two Cents:
USDCAD Will be looking to retest the 1.36 Level one more time before Supply over powers demand
Weekly : Price Testing Cloud Zone - Rejected Once
Daily: Price is starting to retrace from a daily consecutive bullish trend
4H : Reversal in effect
1H : Double Top Is Clear
Now to confirm this sell, I will wait for a clear impulse down. Followed by a retracement of that impulse to form a ( Flag ) and then sell the Flag formation.
Stop : 1.36200
USDCAD Will be looking to retest the 1.36 Level one more time before Supply over powers demand
Weekly : Price Testing Cloud Zone - Rejected Once
Daily: Price is starting to retrace from a daily consecutive bullish trend
4H : Reversal in effect
1H : Double Top Is Clear
Now to confirm this sell, I will wait for a clear impulse down. Followed by a retracement of that impulse to form a ( Flag ) and then sell the Flag formation.
Stop : 1.36200