CADUSD has been in a downtrend for 4 hr chart, line AB. But the short tern trend shows an upward bullish trajectory in the market. Look for the trend line AB, if the market crosses it then it will expectedly grow following the trend line CD. However, it is likely that they may bounce back from the trend line and show a bearish market for quite some time.
Trade opportunity for a Long position at 0.7900, TP at 0.8000
Trade opportunity for a short position at 0.7900, TP at 0.7800
Trade opportunity for a Long position at 0.7900, TP at 0.8000
Trade opportunity for a short position at 0.7900, TP at 0.7800