USDCAD: The Bearish Move Is Not Over Yet

11 בנוב׳ 2022

USDCAD: The Bearish Move Is Not Over Yet

This is an idea I shared 3 days ago.

After the price completed the Head & Shoulder pattern, the bearish wave reaction was very aggressive.

The price has already reached the first target and only by calculating it from the neckline of the pattern it was 160 pips😁

Considering the current political situation in the U.S, the price should continue to move lower even if we see any minor correction on the way down.

Objectives:
🎯 1.33417 done :)
🎯 1.31713
🎯 1.29887


Thanks and good luck!


Previous Analysis:USDCAD: The Bearish Move Is Not Over Yet

11 בנוב׳ 2022

הערה

USDCAD...it should move lower during the coming days