We will find out, the daily uptrend for the USDCAD
has finally broken as it neared 2018 highs. The ema's on the Daily are still bullish
but that is really the only indicator signalling potential bullish
momentum right now. I'll be looking for a short entry in or near this yellow circle I've drawn. Which is also a 50-61% Fib Retracement, which is right where I like to enter. There is a also a bullish harmonic
on the 1HR which looks coincides prefectly with a pullback that I think we still need to happen before going short.
(All systems go)
4HR Emas - Still have not all switch to a Short ( I will wait for confirmation)
This could easily be a fake out before it continues higher so make sure to use a stop loss.
I will update as it plays out further.
Current Streak : 6 Wins