USDCAD change of pace

I believe that we will see some lower prices in the pair in the upcoming days. As I am writing this, we are at the opening of the canadian market and we just had a huge bearish engulfing pattern on a lower time frame after a very painful run up after last week's fall. I'm taking a light position short and will add as we break new supports.

Kommentar:

We just did a healthy retracement with high volatility, broke the opening range of the london session and are heading to the daily pivot. I will add to my position on a candle close on 5 minute time frame below the pivot at 1.2829.