USDCAD forming a flat correction. We need to wait for a smaller timeframe correction then look for buy set ups on USDCAD.
Comment:
As you know we were always looking to buy USDCAD for short term last week We got stopped out but i as mentioned if they break the low does not mean or confirm downside. We as wave traders always look for a break of high or lows to take a trade. AS you can see here USDCAD broke lows perfectly and reversed back into our corrective structure. We are trading the C wave in a what we call "Expanded Flat" Any corrective structure on 15m,30m,1hr will set us for for a short term long.