The Monthly, Weekly, and Daily Trends are all still .
I think USDCAD is trying to make a run for the 2019 Low (green line)
There should be TONS of stops sitting there as people bought the on the monthly chart back in Jan/Feb.
With this as my target, we could be seeing a run up for some liquidity.
We will have a completing at an untapped point of control. So I'm looking to retail traders to go long right into the hands of institutional sell orders.
The entire move would also be a impulsive . The sell zone for that pattern is the light blue.
Observing for now, with elections approaching nothing is off the table.
I am on the dollar currently but things can change quickly in these current conditions.
I like the fact this patterns take profit would be an that completes exactly at the 2019 low.
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