Here is very nice set up of USDCAD for multiple reasons.
USDCAD started move finally, it made only one candle at rejection (lower green slab) which show very strong move. Had it been weak up trend then USDCAD must have been rejected 50--60 pips from lower .
USDCAD rejected by at 1.3315---1.3330 with very strong candle which indicated then USDCAD will fall. But what happened USDCAD rejected further, this time not by but at 1.3230--1.3250. This rejection was very strong because candle did not dare to close inside which is further indication of strong up trend.
I am expecting USDCAD to move up either straight upward or strong rejection from upper 1.3230--1.3250.
It will cross 1.3330 zone without hesitation and will move further up. It is expected that USDCAD will fall till 1.3315---1.3330, after rejection from 1.3315---1.3330, it will move gradually towards its target i.e.1.3500
BUY @ CMP OR BUY LIMIT 1.3250
STOP LOSS 1.3150
Please like my idea to support me and visit my profile to get my exact signals and analysis free of cost,