USDCAD potential long/short depends on how this triangle is broken.
USDCAD small short, trend line broke and retested and showing signs of reversal on 1hr tf
Confluence of previous support turned resistance with retest and second line of resistance with confirmation of bearish reversal also close to the .618 line so going to enter short when the market opens with potential gain of 250 pips just above the previous low of 136.348gb
Rejected by .618 line and still shows signs on resuming bearish trend on higher time frames so re-entry at 139.361 level with stop loss just above .618 line @ 139.701 level with tp at roughly 138.425 with potential to carry on dropping to 1.27 extension of 137.523
Sitting beneath a strong resistance line, going to wait for a confirmation of a reversal then enter a short to just above the 0.5 level at 1.32838, it may continue past that but will lock profit at that level and ride it further down.
Going to short gj at .618 retracement after a confirmation of reversal then going to tp at 1.27 level at 138.260 for potential 125 pips
retrace to .618 then enter with sl at 0.5 level (1.05986) with the tp at 1.27 extension level at 1.05355 for potential 53 pips 4+ R:R
bouncing of .618 line quick 40 pip short with tight stop loss at 0.5 level
I locked my previous profit and re-entered at the 0.764 retracement level at 139.200 looking to ride until 1.27 extention at 138.460 level
Bounced of 0.5 fib retracement now looking to short after trendline breaks.. looking to short for 180 pips and take some profit off 1.27 extension level
UJ nice short for 85 pips bounced of 0.5 fib, short to around 112 level