Looking at the change in momentum, I see possibility for the pair becoming great trade for long term.
The double top on the daily still setting the long term bias, IMO. So I would look for bearish move from reversal zone which is 618 retracement. If it plays out as I wanted, could be a great trade
Price bounce in a very structured way make it seems very predictable, this is a good price to enter long with decent stop loss and nice target upside. Everything seems in good order but let see if market not thinking something different. I am ready to take this long when market open, the closer to the past resistant would be better entry.
Break resistant and retrace at prev resistant
This has very nice target if it play out as expected
Capped by resistant but now might attack again
Wait for bearish sign which should be decisive before taking this trade on smaller time frame. the level only tested the first time so most likely will respond as expected
as we can see the move has reached major extension, so this pair need to breath and see if bull will come again
Still bearish on this pair , waiting for price reenter the sell zone
Complex correction but I would think bullish on this pair
Price has been hold multiple times by SMA so with the channel like that, I think it will break and make big move upside
WE Should see some short action from this pair after this completion
Still a question whether still bearish or bullish on this pair but I see strong push toward resistant . If price goes down slowly toward action zone, we might get bullish continuation on this pair. So watch out.
Look at the chart and how it behave I see possible usdcad still going upside