USD CAD is definitely in a down trend - however there was a nice pullback wave up as a correction of the daily down trend.. It looks like a nice flag for a bit more upside on this one before we look to continue the down trend. May get this one Friday or early next week - Happy trading!
we are on the same page here.. I am at BE .. as your blue arrow suggests. this may be a "b" wave up in the correction and we come back down. The current move up so far has a 'look' of maybe being impulsive so will hold at BE.. if it comes back and takes me out will then re-evaluate for either downside or your noted second option (yellow arrow up) -- thanks for the comments!