USDCAD DAILY ANALYSIS - DOWN TREND CONTINUES

Hey traders,

As mentioned in a previous idea we had a clear sign of reversal with the tweezer top/pin bar signal at the trend line.

Today was another victory for the bears as they managed to push price down for a strong 20 pip close.

I am still bearish on the USDCAD for the next week or two unless something changes.

Weekly pinbar is still relevant and that is reinforcing the bearish momentum I expect this week.


Previous analysis:
https://www.tradingview.com/chart/USDCAD/KngCblEH-USDCAD-DAILY-ANALYSIS-BEARISH-PINBAR-TWEEZER-TOP/

Weekly pinbar:
https://www.tradingview.com/chart/USDCAD/ntU8Ps4W-USD-WEEKLY-ANALYSIS-BIG-BEARISH-PINBAR/