USDCAD future C-Clamp

I recommend anyone in a short to atleast take some profits right now as the drop in price is becoming unsustainable. Especialy if you look at the future of the ichimoku lines you can clearly see a long flat Kijun-Sen. These flat Kijun-Sen lines usualy attract price very well. Bullish candle is already forming on the daily chart and I only expect it to increase. We might even see a complete return to the range.

This is a classic example of the C-Clamp pattern in ichimoku. This happens when tenkan-sen starts to move very far from kijun-sen leaving the trend unsupported and unsustainable. You can look at this as overbought or oversold. With this new technology we can see the probability of a future C-Clamp happening (pink lines).

My advice is to long back into the previous range if you see more confirmation and put stop loss below previous low as that is where kijun-sen will no longer be flat.