USDCAD - 240 - Getting ready.
The pair is coiling up on 4h chart and getting ready to make a move.
It looks like it would like to break to the downside, because it drawing a bearish flag. Especially visible on the 4h and 1h charts.
But always remember, that the market likes to surprise everyone.
I recommend to wait for a break to one of the sides, wait for a close of the 1h candle outside of the triangle and then enter a position.
I believe that this could be a good trade, so keep an eye on the price action!
It looks like it would like to break to the downside, because it drawing a bearish flag. Especially visible on the 4h and 1h charts.
But always remember, that the market likes to surprise everyone.
I recommend to wait for a break to one of the sides, wait for a close of the 1h candle outside of the triangle and then enter a position.
I believe that this could be a good trade, so keep an eye on the price action!