USDCAD: Potential sell opportunity

We can see a pullback on USDCAD as long as we have divergences on the 60 min TF and price is testing a strong resistance zone. The big trade is to upside and i am looking it in two scenarios. It will all depend from the size of correction.

Good Luck!

Kommentar:

60 min chart

Kommentar:

Guys be careful as the candle in circle can be an internal wave of the last wave up and price can continue higher. Up to now we don't have any clear direction. We can see the break of the wedge pattern but price keeps retracting slowly. I am expecting for a better confirmation on this trade. For me it is looking tricky this time.

Kommentar:

I didn't enter on the trade to upside as i was exposed on other currency pairs but it's every time a big pleasure to see your forecasts move on the right direction:)