USDCAD Broke out of consolidation, look for the continuation buy

17 sept. 2020

Hi everyone:

Keeping an eye on USDCAD for the up coming days.

We saw the price had the bullish impulse out of the HTF descending channel structure, and has hit the recent tops before dropping down a bit.

Then, we see a period of consolidations, which is usually a good indication that we may see another impulse out once the correction finishes.

Latest price saw a strong bullish push out of that correctional structure, good sign for continuation from the bullish momentum.

I would wait and see a LTF correction to form then look to enter more buy opportunities.

Look for the next LTF tops as the target.

Thank you

22 sept. 2020

Note

Look for this correction to complete and add to the buys.