U.S. Dollar/Canadian Dollar forming a possible triple top in formation that we could to take advantage to short, unfortunately, the price doesn't climb as I expect and maybe the price acton it's speaking that there're a weak in the price of bull and bear. We're in the descending channel, and this pull back it's look manipulated and false to climb,
I'm shorting USD/CAD now in the $1.2851 CAD, SL to $1.2896 CAD, and my target to $1.2745 CAD.
H4 timeframe look bearish and very weak in the price action, what we could to see a bearish movement in USD.
I hope that this idea support you!!!
Good luck!!!
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USD/CAD could to fall as the U.S. iNITIAL JOBLESS DATA increase 260k, and that economic data was bad in the U.S. economy. The dollar suppose to move to up, but this news make the Dollar move to down, for that, we could to know what will be happening because Forex move a lot by news and big events.