So, I think the chart say it all...
But as I need to add a description...
You will see this is clearly bearish with the classic lower highs and lows. You will also see that we have recently retraced back up to test the underside of the broken support trend turned resistance. We are now seeing some ranging on the lower TFs, as well as bearish divergence. That's enough for me.
P.S. this has also added to my USDCAD long idea, even though it is looking bearish.
Anyway, just my 2 pennies.
But as I need to add a description...
You will see this is clearly bearish with the classic lower highs and lows. You will also see that we have recently retraced back up to test the underside of the broken support trend turned resistance. We are now seeing some ranging on the lower TFs, as well as bearish divergence. That's enough for me.
P.S. this has also added to my USDCAD long idea, even though it is looking bearish.
Anyway, just my 2 pennies.