USDCAD - UPDATE - Bigger Picture

USDCAD still favors down move and looking up on 8 hr; it comes up in a downward channel and does indicate a hint it can use another minor new low towards 2800 handle for triple bottom and a lift off..

i.imgur.com/6js2yqm.png
USDCAD 8 hr - Downward channel hinting at triple bottom scenario - 3040-5X holds fortify the view..

i.imgur.com/WxfUtct.png
USDCAD Daily - Extended supp & a view what the retrace might look like; if this gets to play out to the fullest..

Comment:

USDCAD .. Possible pattern that can develop.. This could be a massive move ..

i.imgur.com/zC9eitT.png
USDCAD Daily - Initial HNS done and like to feel the tgt is done to these lows.. give or take possible one more strike with some minor new lows to current ones

i.imgur.com/PiAoqtA.png
USDCAD Daily - A good bounce from here and well we could be working bigger meaner HNS.. Pattern probability and as such this still could do a 1000+ swing to the upside yet still be bearish...

Comment:

My view hasn't change on the pair. But making adjustments. This still to me is to turn bullish and taking it as a last hiccup before the maturity on the play.

USDCAD - This could be a monster trade ..

Mostly explained within the chart.. Weekly supp indeed to 2750-60 but weekly are known to have piercing and well as long as we close the week above and to 2760-70 it be fine..
For now working an angle via the channel base strategy and not going with bias we can expect the possibility of the price stabbing lower & heading for a 2660-7X before better meatier bounce towards 305X or around to be seen.. This base can just be the tart lower from here onward require for something bigger & grandeur move on the pair to be seen at later stage..

i.imgur.com/NY9JzYG.png
USDCAD 8 hr - Keeping things simple & making use off Channel...