Balazs
Long

Another Buy Setup? But Watch Out!

FX:USDCAD   U.S. Dollar/Canadian Dollar
72 1 3
Could be another BUY opportunity after consolidation, but watch out!
This pattern could become a double top , indicating reversal...
Comment: The possible 2618 is not valid anymore, so we can possibly expect more upward movement, wait for consolidation to complete.

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Comment:
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Comment: Lots of room for buying targets
We had some movement up after the flat but if you set your SL right at the bottom of the consolidation then you're probably not in anymore. Good to leave some wiggle room for SL + temporary bigger spread (floating).
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