Hello and welcome to my Trade Idea of the currency pair USD/CAD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe has beautiful big bearish candles in the past.
Weekly: On the the weekly timeframe we can recognize a downtrend too.
Daily: Here we draw the trendline and we see a fakeout at the third trendline bounce. The fourth bounce can be a fakeout again.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe has beautiful big bearish candles in the past.
Weekly: On the the weekly timeframe we can recognize a downtrend too.
Daily: Here we draw the trendline and we see a fakeout at the third trendline bounce. The fourth bounce can be a fakeout again.
Have a nice day.