Thoughts on USDCAD

Hello again! Here we go with USDCAD. First of all if we look at a major time frame, we can see a Butterfly pattern. Now this is not as strong as other butterfly pattern, so I based the entry point with the break of the bearish channel right before it started to react. I'm expecting a bullish movement here and I think the price is just gonna move a bit upwards and it is coherent with both patterns. If it breaks the SL, then it surely will not go up. Operate with lower risk as we have strong news this week.