I expect USDCAD to go down for completing bigger correction. Look for SELL setups.
Providing an insight of how i look for my analysis:
Corrective structure is complete for down move. Currently at 61.8 of the last down impulse. Possible engulfing in H TF. C wave completed 5 waves. Momentum loss in H TF.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.