USDCAD recently had a spring or false bearish breakout below the support of the bullish channel on the weekly. After a quick recovery above the channels support, the stage is set for long setups only. An impulsive, bullish breakout of the developing ascending triangle and simultaneously the 1.30277 minor resistance level shld give the confirmation whistle. This is just my idea observe good risk management. Check out my other ideas...
I believe that usdcad will be dropping pretty hard. That’s just my opinion and my analysis.
LexyenHille
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I really appreciate your opinion. Your might definitely be correct, I was just trying to follow the direction of greatest probability, and as a good and experienced trader that u are, u know we always seek the highest probability.