U.S. Dollar / Canadian Dollar

Short

USDCAD Bearish Pattern

By tuananhnguyen316

Updated

USDCAD could pull back to indicted levels after completion of the 5th wave up. Be mindful if you decide to take this trade that there are several economical events (FOMC Minutes today and also tomorrows oil inventory report) that could keep this in its current up direction. Good luck to all!

(My opinion, trade at your risk)

Note

I forgot to list that Cad also has economical news as well. Link below.
investing.com/economic-calendar/

Note

Double Top has been formed.

Note

If you took this trade you owe me a couple of cans of SPAM :)

tuananhnguyen316

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