MoLee
Short

Let's see what the canadians are up to this time.

FX:USDCAD   U.S. Dollar/Canadian Dollar
28 0 1
USDCAD            

Weekly: we can see the 12EMA cross down over the 36EMA and the price continued downwards did a pullback and seems to be consolidating at the moment. So the major money maker is the breakout from that consolidation zone.

4H: Clearly shows the price movement within the triangle and has almost reached the top.

1H: the upward move is beginning to look sluggish. There is a break of the trendline indicating possible early entry.

There will be major canadian news later today at 2pm (GMT+8)

Wait for a clearer signal. If price does not break out of the triangle we can go short on this one with TP set to the lower trendline of the triangle and SL just above the upper line of the triangle of the triangle.
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