Hey traders,
Hope everyone is having a great weekend.
This is just my analysis on USDCAD on the weekly charts.
Last week bulls tried to push price up but failed to do so before bears took control.
We see a huge pinbar rejection off of the trendline.
Price came back up to retest it before failing to push higher.
Bears are firmly in control.
Simple price action and technical analysis.
I will look to scale in pretty heavily on shorts this week unless price action dictates otherwise.
Hope everyone is having a great weekend.
This is just my analysis on USDCAD on the weekly charts.
Last week bulls tried to push price up but failed to do so before bears took control.
We see a huge pinbar rejection off of the trendline.
Price came back up to retest it before failing to push higher.
Bears are firmly in control.
Simple price action and technical analysis.
I will look to scale in pretty heavily on shorts this week unless price action dictates otherwise.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.