USDCAD Consolidation Buy Signal

USDCAD overextended to the southside and looking for a reversal. We have a down trendline break to the north side and price seems to be consolidating.

Look to enter at the bottom of this channel and take profits at the top for a 100 pip range opportunity. I'd advise buying only and not selling as a breakout north is expected.


Good luck and let me know if I can help in any way.

Charles V
CVFX Management
Trading made Simple
Jan 2021: 14%
buysignalcanadiandollarconsolidatingForexfxSupport and ResistancetradingideasUSDCADDJ FXCM Index

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