USDCAD Sell the breakdown

HI there,

We were watching price action last week for sell on the USDCAD but it was forming lower time frame correction and was keep pushing for upside. It is still in the short term correction which can break up and can form one more short term bullish wave. if so then how you can trade on this chart.


How you can trade on this chart.

1. Watch for the breakdown and sell on breakdown of corrective up trend.

Or

2. Wait for the short term bullish trend to form another short term bullish wave and then look for breakdown from 886 of your fib lines.

In case price dont breakdown then keep pushing for upside and close above the previous high then it will change the bearish pattern. As long as price will stay under the previous high then the bearish pattern is valid for sell.


Good Luck.

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