USD/CAD BEARS ARE STRONG HERE|SHORT

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USA-dollar/Kanadensisk dollar (FX:USDCAD)

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FX:USDCAD USA-dollar/Kanadensisk dollar

trendanalysis chartpattern waveanalysis usdcad short sell trading bearish forex forecast tecnhicalanalysis containsimage

Hello,Friends!

USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.352 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!

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