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If you see the weekly chart, you could see this pair has created a double top. It is now forming a H&SH pattern, meaning pound weakness will continue.. goodluck. 60PIPS SL / 750PIPS TP
It's been a while...
USDCAD can create a double bottom before going long.. be patient!
check previous,it has made a double top.
4 touch trendline, going short.
I will add a buy stop if it breaks the trendline, retest and continue to the upside.
We saw the price drop after NY session, If it respects the trendline and rejects the resistence level I will enter a short. SL 33PIPS
waiting for a pull back which could happen at NY session, overall going long.
It could face rejection below 1.32. Looking to go above 1.5 - expected 220+ pips long term