AAFX16
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0Joined Jun 19, 2019
beyondta
chartpattern
indicator
trendanalysis
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Looking at shorting USDCAD as the log term descending trendline looks likely to remain valid however i do expect it to break at this level to incite liquidity and before making the big move downward at the fib levels
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I have identified two potential entry points using the long term fib levels, i expect the trendline to be breached but not made invalid before seeing the big move to the downside
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Although i previously published a short for this pair a 150 pip move to the upside would be required first, here you have the setup for that
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