Approaching decision point.. potential Bounce.. wait for sell
Hello Traders..
In USDCAD ..we would like to wait for sell as price has broken above descending channel pattern and is coming back to retest support.... we would like to see a bounce from here and waiting for strong support confirmation in order to enter long ..... If price moves further down and closes below descending channel top line which in turn will shift our bias towards the downside.. untill then we are waiting for a bounce.
In USDCAD ..we would like to wait for sell as price has broken above descending channel pattern and is coming back to retest support.... we would like to see a bounce from here and waiting for strong support confirmation in order to enter long ..... If price moves further down and closes below descending channel top line which in turn will shift our bias towards the downside.. untill then we are waiting for a bounce.