A beautiful trend line has emerged, Rejecting the 3 swings and maintaining the market structure we anticipated. As usual we trade with the trend! Buy was placed at 61.80% FIB level.
Waiting for the recent bearish structure to be broken and for price to respect the Bullish trend line that was formed in the daily time frame.
Short term bearish structure has been broken, Possible Long entry. Waiting for price to breach and close above 104.847 on 30 min Timeframe
Downtrend Structure on H4 soon approaching keylevels , Daily and Weekly timeframe also bearish.
Trading this descending channel that has formed, overall USDCAD is very bearish.