1-Hour Chart:
On the lower time frames, price is looking better and better to take short once it reaches the value areas. Either at the top of the larger bear flag or it might trickle a bit higher to the next high. We will just have to take a message from the market when the time comes.
If price forms price action like we have forecasted below, it would be a no brainer to take this pair short for the long term.
Can it move higher? Certainly, it is possible for price to continue higher towards the previous daily high, which would just be incredible value.
USDCAD
www.thepipbull.com
On the lower time frames, price is looking better and better to take short once it reaches the value areas. Either at the top of the larger bear flag or it might trickle a bit higher to the next high. We will just have to take a message from the market when the time comes.
If price forms price action like we have forecasted below, it would be a no brainer to take this pair short for the long term.
Can it move higher? Certainly, it is possible for price to continue higher towards the previous daily high, which would just be incredible value.
USDCAD
www.thepipbull.com