Price is currently above the Daily ED channel.
However, I have spotted a , waiting for price to close in the PRZ.
I will be monitoring and H4 TF for entry.
is at overbought level on H4 TF now, awaiting divergence.
This is a counter trend trade, so monitor your trade closely, I might not choose to wait till TP1 if I were to enter.
USDCAD is rather volatile now, I shall move on to other pairs.