This pair can see great bullish strength as we can see its about to form a flag. You could enter on the close of the second bullish candlestick.
USDCAD I believe this pair will show levels of retracement to the previous drop range, and then it will shoot down. Lets see how it plays out.
We will se some retracements before its full on drop but believe it will rise for our tp.
If we see the breaking of the consistent trend line we could be in for some huge wins. Then again we would have to waiting to see how this candle closes. if it closes above I am sure t will follow the trend line but it being like this for sometimes we could go for the long position.
Could we see the breaking below this exhaustion points?
After seeing the breaking of the bearish trend, and a deep fall we could see some heavy corrections in the market. Will be adding some FIIBS on the update of this pair and see how it goes.
Short scalp back up to the resistance zone and if broken we cold be in for a long bullish run.
We could possibly see the drop if we appreciate and wait on the finishing of the bearish candlestick, we already have a confirmation from the first bearish candlestick and if this closes bearish then it good sign for the short.
Could we see the potential breaking of the trend line, or will it follow the basic rules of trends lines on the third touch and drop? Waiting on the news relwase, but currently have my sell stops in place. Check out my telegram forum if you desire to get signals!