USD/CAD - POSSIBLE COUNTER
Monitoring this pair at the moment for a possible counter trend trade, its not something i do often but theres multiple confluences to trade a possible 2/300 pip pullback on the overall bullish trend.
We have an ABCD pattern completed at the top of the previous range we was stuck in before which confirms this as a major resistance.
Thursday Daily candle also closed as a hanging man followed by Fridays shooting star/marabozou. Today looks like its set to be a pin bar off resistance as well.
Just waiting to see what happens here and as always waiting for confirmation before entering!
We have an ABCD pattern completed at the top of the previous range we was stuck in before which confirms this as a major resistance.
Thursday Daily candle also closed as a hanging man followed by Fridays shooting star/marabozou. Today looks like its set to be a pin bar off resistance as well.
Just waiting to see what happens here and as always waiting for confirmation before entering!
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