I'm going to sell when we cross the lower border of the channel.
My trading plan for tomorrow. If we go through 45 degrees, the plan is canceled.
Preparing to buy usdcad. We need to wait until the correction is over.
I'm waiting for a correction up to 45°, then sell.
I'm still waiting for correction, as soon as the price touches the 45° (1.16705) or 67°(1.16435), I'm going to buy.
There is a good opportunity to buy or sell. I think we are forming a Head and Shoulders pattern on weekly chart. So probably we'll go up the next 2-3 weeks. We'll see.
Potential Bullish Reverse Head and Shoulders has formed. Profit up to 100 pips.
TP1 1.2373 TP2 1.2361
TP1 0.382 (1.4139) TP2 0.618 (1.4071)
sell 1.2395 TP1 1.2325 TP2 1.2283
sell 1.2376 TP1 1.2314 TP2 1.2275