On the higher time frame the CAD is short and the Dollar is either long or at least moving in a sideways channel. Therefore I'm looking for a long trade opportunity on this pair. On 1H we currently have a potential ending diagonal
which could give us a 50% retracement
of the previous impulse. After that I'll be looking for a new push up. Of course the pullback doesn't have to happen but given the probability of the pullback this is no place to go long. Either trade the short or wait for it to end an look long.
I'll up date this idea as it develops
This is not investment advice
Trainer & Mentor