USD/CAD Potential Bearish Scenario by ThinkingAntsOk
2020-02-05 18:53:01
4H CHART EXPLANATON:
Price has been on a strong bullish move for the last weeks, but now it is facing a strong reversal area. This is the Descending Trendline in confluence with the supply zone. The short term Ascending Trendine has been broken, and now we are waiting for a lower timeframe confirmation to take short trades here.
DAILY CHART ANALYSIS:
https://www.tradingview.com/x/qfEHxHrd/