USD WEEKLY ANALYSIS - BIG BEARISH PINBAR
Hey traders,
Hope everyone is having a great weekend.
This is just my analysis on USDCAD on the weekly charts.
Last week bulls tried to push price up but failed to do so before bears took control.
We see a huge pinbar rejection off of the trendline.
Price came back up to retest it before failing to push higher.
Bears are firmly in control.
Simple price action and technical analysis.
I will look to scale in pretty heavily on shorts this week unless price action dictates otherwise.
Hope everyone is having a great weekend.
This is just my analysis on USDCAD on the weekly charts.
Last week bulls tried to push price up but failed to do so before bears took control.
We see a huge pinbar rejection off of the trendline.
Price came back up to retest it before failing to push higher.
Bears are firmly in control.
Simple price action and technical analysis.
I will look to scale in pretty heavily on shorts this week unless price action dictates otherwise.
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