A down trend wedge has been formed and if obeyed may break to the upside if we see some strength in the Euro. The CAD is certainly stronger at the moment compared to the Euro.
Pending orders could be placed above the lower low to ride the bounce in between trendlines and stops placed below the lower trendline. Alternatively, pending orders could be placed above the upper trend line to catch the breakout?
Pending orders could be placed above the lower low to ride the bounce in between trendlines and stops placed below the lower trendline. Alternatively, pending orders could be placed above the upper trend line to catch the breakout?