USDCAD Update for next week

17 Agu 2019

this is the updated analysis on USDCAD.
in my last trading idea, I was looking for a bearish violation of a neckline of H&S pattern.
now the pattern is invalid, but the market has set the lower high.
Again, it is a very good indication of a weakening bullish momentum.

Your plan for next week:
Wait and sell bearish breakout of a bear flag.
T1 - 1.315
T2 - 1.305

(previous analysis on usdcad below in related ideas)