Based on a H and S pattern and bounce off 21 EMA predicting this is going up. Not in this trade as I am already invested in 2 other short CAD positions and that is enough. But observing this for practice.
Comment:
Still believe this is going up as it keeps testing the 21 EMA and bouncing off. I have entered a small position in this as I already hold other CAD short positions but chart looks too good for me. so a small position is in order.