USDCAD: Bulls Out Of Steam At Action Level, Downside? #Forex
Traders,
Compelling bearish engulfing signal at the top of the range at the sideways resistance line shows investors clearly
acknowledged this level as a place for potential downside opportunity. It appears the bulls have been swiped and a new downside agenda is clear. Expecting to see strong lows from this move, with a logical target being the sideways support level, bottom of structure.
Thank you for your support
Compelling bearish engulfing signal at the top of the range at the sideways resistance line shows investors clearly
acknowledged this level as a place for potential downside opportunity. It appears the bulls have been swiped and a new downside agenda is clear. Expecting to see strong lows from this move, with a logical target being the sideways support level, bottom of structure.
Thank you for your support
