What we thought to be an ending diagonal has manifested into a corrective WXY expanding flat on the micro degree. I'm expecting reversal between 1.0011 and 1.0062. From current levels, the trade looks ready. Let's wait for confirmation to enter.
USD/CAD has been in its descending channel making lower lows, and lower highs, along with a key level of resistance being tested as a triple top, and a textbook ABCD extension pattern we are expecting lower lows to be written. Fibonacci 61.8% support break will trigger my shorts. Target is 1.2830 which for me is the last support before a big bearish downside move...
