USDCAD still favors down move and looking up on 8 hr ; it comes up in a and does indicate a hint it can use another minor new low towards 2800 handle for triple bottom and a lift off..
USDCAD 8 hr - hinting at triple bottom scenario - 3040-5X holds fortify the view..
USDCAD Daily - Extended supp & a view what the retrace might look like; if this gets to play out to the fullest..
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
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...
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..
USDCAD 8 hr - Keeping things simple & making use off Channel...