USDCAD preparing for a nice long
Price is forming a nice descending channel and divergence is appearing as well. Personally i will wait for further confirmation either and impulse and a 15min correction. The push might happen this week or next week. If you see a strong break to the downside the setup is invalid. But if you want you can take a risk with 40-50pip stop. Risk only what you are willing to lose. Stay safe.
Possible R:R for Risk Entry 1:10
Possible R:R for reduced risk entry 1:7.5
Possible R:R for Risk Entry 1:10
Possible R:R for reduced risk entry 1:7.5
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