USD/CAD Trade Idea

Hello and welcome to my Trade Idea of the currency pair USD/CAD.

Lets start with the Top Down Analysis.


Monthly: The monthly timeframe has beautiful big bearish candles in the past.

Weekly: On the the weekly timeframe we can recognize a downtrend too.

Daily: Here we draw the trendline and we see a fakeout at the third trendline bounce. The fourth bounce can be a fakeout again.


Have a nice day.