PriceActionTrading

USDCAD OUTLOOK TRIANGLE PATTERN.

FX:USDCAD   U.S. Dollar/Canadian Dollar
105 0 6
Outlook for USDCAD             , neither buy nor sell. play the triangle, carefully.
bearish engulfing formed last night could potentially be strong enough to break the lower barrier of the triangle,
which will invalidate the "short term reversal" inside bar formed last week 17 feb.
looking forward to the invalidation of the inside bar before entering any sell trades on this pair.
do not attempt to enter buy @ 1.24 as the 180 PIPS Bearish engulfing is nothing to scoff at.
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