USDCAD 4th bounce
4th bounce after a re bounce of the ascending channel.
Two scenarios may occur in the next period of time.
1. bounce to the upside creating a reverse flag or at least a 100 pips bounce before a crash to the downside
2. A break to the downside at 1.25000 creating a 4th bounce in a higher time frame parallel channel.
Two scenarios may occur in the next period of time.
1. bounce to the upside creating a reverse flag or at least a 100 pips bounce before a crash to the downside
2. A break to the downside at 1.25000 creating a 4th bounce in a higher time frame parallel channel.
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