USDCAD has been consolidating on the HTF's since May of this year. It has formed an Ascending Triangle Pattern. These typically breakout to the upside. With Friday's close we have finally closed above the Triangle. We could be seeing a major recovery in USDCAD if this pattern plays out as projected.
I will be looking for some aggressive long entries on the 60min and will try to ride them for as long as I can.