So what are we looking at right now?
USDCAD is showing a Strong Sell and Market Structure is indicating that the Order Flow is to the downside. The stars are aligning and this is looking like a higher probability trade.
We are looking for opportunities to take this trade – aiming at area of stops at Target 1 and Target 2.
Remember, news can trump charts and sentiment at any time. Use whatever system you decide best to enter or exit. I’m just sharing a high probability direction – but this does not mean I am a fortune teller and price MUST go this direction. If you decide to take a trade, use proper risk management and do so at your own risk.