USDCAD week of 12/8

9 ธ.ค. 2018

Short term buy here, looking for a retracement up into our confluence zone around 1.3370. This is where we are looking to potentially sell. We have just formed a ton of buyers exhaustion here on the weekly timeframe. We also tested that point of daily structure from the 1.3350 area, never officially broke above, this gives us more bearish sentiment. H4 EMA's also crossed after a bearish reversal pattern. Now down here on the m15 we can clearly see what's going down. *use your own judgement*

NFP may have changed this trend up, let's see how everything plays out this week.