Let's kick back off with some charts shall we. This markup is really geared towards showing traders what to look for when placing a trade but some analysis also went into it.
I am looking at USDCAD as it approaches the bottom of a monthly wedge. Market is currently ranging however we will be looking for a probable breakout pattern to take it to the bottom of the wedge. WE MUST WAIT. This may fake out a lot of traders and we shall not be one of them.
If we do not get that opportunity we will wait for some direction into next week.