is in up move agresively. OANDA:USDCAD
is building beairsh Wolfwave formation. In 4hrs chart it shows a Sign of Weakness. So here is my trading plan, I will be looking for bearish pattern
on 4hrs chart or lowers, but will also try to hedge with scalp long positions, until bearish
formation being built on Daily chart
. Any bearish trend
on US dollar index
will help the pair to run very fast on south direction.
I may look on AUDCAD
for either counter my position on USDCAD
or taking more position on CAD.