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.
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