USDCAD Setup for the upcoming weeks. Continuation Up

10 Eyl 2018

Clear break of descending channel with a strong push off the third touch + strong support level. With this impulse, a correction is needed. With this correction, we can expect a retest of the descending channel aligned with a 50% - 61.8% retracement. Price action will provide a signal to buy when the time comes. Price should repeat what it did but on a smaller scale. Look left.