USDCAD has bounced down from the Daily trendline and is looking to head lower.
Upon breaking the local uptrend, USDCAD may drop on it's 5th leg and even breakout lower from it's current flag pattern, providing a MASSIVE short opportunity.
If you are to take the trade early, you should use a stop loss just above the Daily trendline.
We await confirmation of a possibly exciting trade.
Upon breaking the local uptrend, USDCAD may drop on it's 5th leg and even breakout lower from it's current flag pattern, providing a MASSIVE short opportunity.
If you are to take the trade early, you should use a stop loss just above the Daily trendline.
We await confirmation of a possibly exciting trade.