cubbies28

Bears have entered the building on USDCAD

Short
OANDA:USDCAD   Dollar Américain / Dollar Canadien
Usdcad weekly chart, completed the retracement after a structure break. Price rejected the retest of the level leaving a double top formation. Bears should take full control this week and continue the trend lower. 2 options for where price could move to-

1. price will drop to the 50% - 71% retracement at the very least for equilibrium and look for discount.

2. price will complete the 100 % retracement of the correction around 131.840 area after a pull back
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