Support Broken

١٨ يونيو ٢٠٢٣

If you had read last week's analysis, you would know I've been waiting for a buying opportunity on Major Support.

Now that the Support has broken, I'll be waiting for a shorting opportunity, and what is needed is a retest of previous support(1.3305), which turns resistant.

A better way for me to engage the shorting opportunity is to wait for the Bearish Shark Pattern that completes at 1.3321.

What's your trade plan for the USDCAD?