-The big picture is USDCAD is in a bear territory.
-But first price is going to push up and take out the highs and take out the supply zone.
-Once price takes out highs and supply we will market continue to the downside.
-Double bottom on on WEEKLY time frame
-@ very strong support well respected in the past
-On monthly wedge formed and broke out to the upside but i believe was a trap for the bulls.
-Big "M" formation on monthly
-But first price is going to push up and take out the highs and take out the supply zone.
-Once price takes out highs and supply we will market continue to the downside.
-Double bottom on on WEEKLY time frame
-@ very strong support well respected in the past
-On monthly wedge formed and broke out to the upside but i believe was a trap for the bulls.
-Big "M" formation on monthly