The 5th bearish frame had bullish divergence in relation to the 3rd bearish frame. Watching at lower channel.
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The support developing on h1 is convincing and im of the view that usdcad is going up from here.
Usd cad forex factory. I am still holding usdcad short sl at 134500 tp at around 131090. Usdcad h4 we had 5 legs move. Reject we buy if break wait retest to sell again.
The 5th frame leg was colored in pale red th! erefore it was an exhaustion frame. Classic textbook retest and crumble. I think this is where we are based on 1hr 4hr daily and weekly respectively based on yellow circles belkhayate indi.
Maybe ill hold it till next week and wait for a correction to sell more image. Usdcad interactive trading. 1hr shows a trend upi would guess up to 134 13420.
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