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USDCAD Downside Breakout

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Dollar A.S. / Dollar Kanada (FOREXCOM:USDCAD)  
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FOREXCOM:USDCAD   Dollar A.S. / Dollar Kanada
Support and Resistance Candlestick Analysis Multiple Time Frame Analysis USDCAD Forex trading analysis daytrading priceaction breakout
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supportandresistance candlestick mtfa usdcad forex trading analysis daytrading priceaction breakout
There's confluence across two timeframes. The downside breakout on the hourly timeframe can also be observed on the daily timeframe as well. A key level is being breached as we speak. Downside to be expected as long as price holds below.
Komentar:
Here's the daily chart:

snapshot

As long as price holds below 1.2838, we can expect downside momentum.
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