I was bullish last week on USDCAD based on higher timeframe but unfortunately, things didn't go exactly like planned and I personally blame the H&S pattern. The pattern was so visible that every person on earth could see it and if it is there, then what do you do? You go long and perhaps that was the reason why that H&S was destined to fail.
However, I remain bullish on bigger picture and the first thing usdcad bulls need is to break that green trendline. After that we may see some further upside. I'll be tracking that pair next week.
However, I remain bullish on bigger picture and the first thing usdcad bulls need is to break that green trendline. After that we may see some further upside. I'll be tracking that pair next week.