USDCAD Sell on 1ST impulse

Hi there,

USDCAD is still pushing for upside. It is clearly within the weekly descending channel which is holding very well.

Price is about to test the upper channel line. Watch for price action and look for sell.

How you can trade on this chart.

1. Lower time frame trend is still bullish and price is pushing for up side which means price still can push up for 20 or 30 more pips for upside. You guys are watching for 1st impulse once that appear look for sell and add more on corrections.

Or

2. Let the 1st impulse appear and wait for the correction and then look for breakdown and then look for sell.

In case price keeps pushing for upside we will remain bearish until we will see bigger change on this pair.

Good Luck.

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Comment:

Thats called 1st impulse.

Comment: