Price formed a small impulsive at the a parallel of a median line , followed by a correction. It now seems that we may soon have the end of this corrective structure with price breaking below it. That would be a nice sell setup with potential tp at the lower parallel of the ml
Hello, Fxprotrader! Thanks for your chart! Fully agree with you and waiting for Short in USDCAD for a long time. Don't you believe in more deep drop (to 1.2 area) in a few weeks? Do you suppose we could return at current level before of it? Good trades to you!
You are welcome.. Looking at the daily chart we may see that USDCAD is in a big correction. Most likely we will have another impulse to the down. The question is when.. There may be buy opportunities meanwhile but my main view is bearish. i hope that this helps