USDCAD is in a huge consolidation (weekly) and could start to go down big time. This said, there is a good opportunity to enter short soon. This consolidation in H4 could be a nice entry.
Comments
AEFX786
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Weekly still be making LL's and HH's though. And on 4H we're 18% oversold with a bullish crossover occurring as we speak and volume of sellers is diminishing. I'm looking at H1, H4, D1 and W1 for my long position and they are all aligned in my opinion.
AEFX786
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@AEFX786, Ohh my bad, you are saying to short from top of next HH. Yeah it's possible to break lower trend line.
marttrader
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@AEFX786, interesting, I really like people that take the whole picture in consideration, that's the way I work also! Keep in touch.