USDCAD Two possible ways

Updated

There are Two possible ways for me in this pair.
1) we can try to do new high
2) We can go back to the flat
Now we in support area. So i'll been watching...

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If we go out of the area clean, or make a re-test on the boundary of the area, We can begin to consider short.

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As for me, I think that Uncertainty are still continues
Today we have Impotant news- Crude Oil Inventories.
Canadian is an oil currency. We must wait for the news. If Brent starts to grow, then the Canadian in the pair will show a decline. If Brent continues to fall, we will see continued growth in this pair

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I think we can do new local high in few days but im not trading this pair. bullish mood is very strong

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We almost came to a new high

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It seems that this pair did not have time to update the high before the Fed's release.
I think to start Looking for a short
While I'm still waiting for a good formation. Re-test or securing below the zone

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If there is a breakout of the flag, it will be a good setup for sales

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If we will see a new re-test,than new channel will be formed

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Still bearish

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Breakdown support is a potential flag

Trade active

We have a price corridor. The mood is bearish

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AdrianBrechko

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by AdrianBrechko

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