USDCAD Heavy Bears on the Loose!

USDCAD had swung from 1.28432 down to its current price of 1.27796, hitting my stop loss of 1.27800 for long. Should this candle (Marubozou) and be the ending candle of the day then the likelihood of it completing its ascending channel very soon is imminent. From a weekly point of view, you can short as low as 1.24790 with a stop loss of 1.29539 or up to 1.29 to be on the safe side.

Disclaimer: This is for educational purposes only.