Btheman3

Btheman3

USDCAD is very bearish right now especially after setting a new long and breaking support last Friday. It has a ways to run before it hits any walls. In the next week or two I believe it will test the top of the daily trend lines drawn. From there it will either re-enter the wedge or bounce. Either way take profit and enjoy! Also, with the current state of dollar...

Btheman3

Over the next week these spot will be pullback points as traders take profit. If it does decide to stay in the wedge then it may ride down. Given the current sentiment I believe a long position is the best choice and I will be scalping this up.