USDCAD Sell from this correction

Hi traders:

USDCAD looks very good for short opportunities. Higher time frame analysis is short in the long run.

We see USDCAD has a strong bearish move since end of May, and a larger continuation correction has formed, giving us extra confluence for a bearish momentum.

Price failed to break higher than the recent double tops, and formed a small correction before the short drop.

We can now expect the price to form continuation correction here and sell to the recent lows.

I will wait for this smaller correction on the lower time frame to complete before enter.

Thank you

Kommentera:

Kommentera:

Lower time frame