SDMarik

A few trades coming up on USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
157 0 3
Looks like we can be getting up for a short on USDCAD             if we break under bottom support (which we can easily do) and it can run pretty far down if oil             continues its sell off.

There is also a possible breakout long if you want to wait for it to break an consolidate over the top support line.

Remember, if you break a support/resistance it is not uncommon for it to retest the level and even close above or below it briefly before starting on its breakout.
Trade active: Looks like the consolidations is here, wait for the breakout!
Trade active: Consolidation*
Trade active: Load new bars to see consolidaton
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