USDCAD - Consolidation & Reversal I spent the majority of the past few months being very bearish on the USDCAD, even up to a few weeks ago as we violated our previous structure lows. The market gave us no follow through, consolidated and has now given us a bullish rotation setup. The area in which i have on my radar is a retest of the previous structure highs that were recently created followed by a continuation to the 2 structure levels that I have identified in purple.
it's important not to let our pride outweigh our analysis, meaning that just because we make a prediction one week, doesn't mean we have to stick with it until it becomes true. If the market gives us reason to change opinion, we must obey and not let our trading pride stand in the way of good decision making.
Akil
