From looking at USDCAD 30 minute chart, appears to me that a Elliot Impulse Wave (1-5) has started. Pair is still on an upward 1-2 elliot wave, or start at this time. Noted on chart are S/R areas where expected consolidation in PA would be expected to happen, either before a continuation and/or a downtrend in PA would happen.
Last week was a BEARISH downtrend, but I don't see this USDCAD pair major changing from BULLISH uptrend has happened last day of trading. Please trade with price action, trends, S/R in mind. Also, continue to look for chart patterns at key areas of S/R for new entries into trades. Chart patterns like: Engulfing, Harami and/or Pinbar. I've had very good results in trading breakout of consolidation area's, remember to let price run, with enough time. Good Luck.
Last week was a BEARISH downtrend, but I don't see this USDCAD pair major changing from BULLISH uptrend has happened last day of trading. Please trade with price action, trends, S/R in mind. Also, continue to look for chart patterns at key areas of S/R for new entries into trades. Chart patterns like: Engulfing, Harami and/or Pinbar. I've had very good results in trading breakout of consolidation area's, remember to let price run, with enough time. Good Luck.