USDCAD Bearish
As you see in the 4H chart, price had made a double top pattern and after breaking the neckline, started to drop sharply.
Although we have missed the huge move, it is not late yet! In the daily chart there are bearish candles below each other which indicates there will be still a downside move.
Currently, price has approached to a support level at 1.2975 in the 4H time frame (red line), and if price breaks this level strongly, we can expect more drop towards the green levels which are the next support areas (1.2920 and 1.2880)
Although we have missed the huge move, it is not late yet! In the daily chart there are bearish candles below each other which indicates there will be still a downside move.
Currently, price has approached to a support level at 1.2975 in the 4H time frame (red line), and if price breaks this level strongly, we can expect more drop towards the green levels which are the next support areas (1.2920 and 1.2880)
Feragatname
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