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hyryda

USDCAD respect bearish channel or BREAK now

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
hyryda Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
Looking at either a break of the channel or a continuation.
Comment:
I'm learning more towards a potential break of this channel with price to spike up soon.
If not, i'll look to short if price breaks below recent support structure.
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Very reasonable buy.
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Can wait for next 15minute candle to close strongly bullish
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No good follow through.
Might go for 1 more leg down at lower prices for bull perspective
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15 min and 5 min follow through will be great here!
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Update: We are correcting for B wave now. Another leg up to come!
Goodnight friends
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Looking for this now.
Either a strong reversal up, or we'll be in a trading range in this area.
I'm leaning more towards the trading range due to the number of wicks and indecision formed at the bottom of this area.
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Also want to be way of the potential of a continue short.
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Selling Pressure. Bulls weak.
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