ForexDreams
Short

USDCAD REVERSAL PATTERN CONTINUED

FX:USDCAD   U.S. Dollar/Canadian Dollar
48 0 1
As predicted earlier, we are probably seeing a reversal pattern and if so, we should be able to trade the right leg for 60 pips.

There is a lot of news today for US Dollar             and one report for CAD Dollar which should accelerate price. News starts from 13:30 UTC and runs until 15:00 UTC.

I would recommend to wait to move starts before considering getting in. I may have got in a tad early myself.

UPDATE: I have taken a -2.4 hit. I should have been more patient with this. Anyway I will wait till the move actually starts before jumping in. It could be another 1 to 4 hours. Once underway I'll re-enter.

UPDATE #2: I have re-entered. There is also bearish divergence, indicating a move down may be happening shortly. I may also increase my TP to the yellow line, once I know the move is in full swing.

UPDATE #3: Trade hit TP for +60 pips.
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