USDCADsell setup

I will be looking to sell the breakout.
Remember the consolidation can still continue so don't jump in before it confirms the breakout.

Trade with care

Kommentera:

still a sell

Kommentera:

OK so the CAD did not correct and break it just reverse. If you took the early breakout without waiting for the correction, I hope you got at lease a BE trade.
Now I am waiting for a downwards correction then the buy , if it reverse again then I'll be looking for some wedge pattern in the making .