Did you see the GBP pairs go for a HUGE ride a couple of days ago?? OK.. here it is: The so-called "Players" are making certain specifically targeted moves -- on certain, agreed-to pairs... they don't do ALL PAIRS at the same time.. they choose how to when to, etc.. .. which ARE Stop Hunts.
My best guess for UsdCad is this; They are FAKING us out right now..6pm PST in USA. (We are -8:00GMT) -- Ok, rt now they are "holding" as if they've TOPPED-OUT this pair. They "Psych" us out... in other words, they are showing fake moves. They show that our pair here has topped, and from here will fall. BUT .. the VERY QUICK MOVE (I'M GUESSING) WILL BE THAT oops okay caps -- later on they either WILL or not run this pair up to a "TOP" really for no reason other than TO_DO_IT.. and then, similar to the GBP/USD they will do it and then just leave our pair.. Usd/Cad to decide its own way later.
So.. in short, be wary of a QUICK 50-pip, 100pip, or 150-pip move for no real obvious reason except that it prolly happen in European Session, or as US Session is in full swing... Be careful, have Safe Stops, or, enough room in your account to absorb 100 or so Pip QUICK RISE before it falls as CAD gains strength. Best to you all..RJ