FxGeneral876
Short

Two Possible Entries

FX:USDCAD   U.S. Dollar/Canadian Dollar
30 0 1
I see two possible setups that could unfold on this pair.
Setup1: Rejection off .382 retracement level, breakout from rising wedge then head south from there.
Setup 2: Prices head north reject off .5 retracment level off of prior support indicated within red highlighted region.
Setup 2 seems like the safer choice while Setup 1 is a bit more aggressive. Just look for any indication of reversal on lower time frames. I would wait for any volatility cause by news tomorrow to pass before entering but it's up to you! Good luck!
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