USDCAD: Overbought Market & Pullback ๐บ๐ธ๐จ๐ฆ
https://www.tradingview.com/x/6uW36ovW/
USDCAD looks exhausted to me.
After a strong bullish movement, the pair formed a rising wedge pattern.
The support of the wedge was broken with a bearish engulfing candle.
It is an important sign of strength of the sellers.
A retracement is expected to 1.3789 / 1.3768
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USDCAD looks exhausted to me.
After a strong bullish movement, the pair formed a rising wedge pattern.
The support of the wedge was broken with a bearish engulfing candle.
It is an important sign of strength of the sellers.
A retracement is expected to 1.3789 / 1.3768
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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