USDCAD is in a corrective structure which is a 3 wave correction until now but it may go for a 5 wave correction before breaking. I'll be selling the breakout when it happens, and if you're already in the sell, I suggest you put it to breakeven in case it decides to go for a 5 wave corrective structure before the next impulse down.
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Shorts are triggered. Until now this looks like will go for the next impulse after a 3 wave correction.
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Trade went, everyone who took profit at the lows won at this, I did closed my position but partially only because I was waiting for it to break the low and go for the 1.27 extension which it didnt. The impulse is still valid and it's still in a corrective wave. I'm looking to sell the breakout of this ending diagonal now for the completion of ABC correction.
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If you're already in the sell and looking to add more positions there is another opportunity to sell the breakout of this correction: