USDCAD… Are we going down??
Price is clearly showing pattern of channel line rejections, we have had 4 so far. We also have some Bearish Hidden Divergence forming which could lead to a nice bearish leg down to test the bottom of the channel.
It would also be a clear 3 wave correction pattern too! A lot of potential confluence to go long after the move down.
This would also form a bullish set up (Bull 123)/( Bullish Gartley )
Look for entries on the lower time-frames, preferably the 1hr. Stops @ or above 1.28969