USD/CAD Two possibilities comming

6 thg 1, 2017

Hello guys This pair has been on an uptrend and a Channel since 7 months now and we had alot of rejections at 78% Fibo and there we are back at the bottom of the channel again. If we see a clear BREAKOUT downwards wait for the confirmation candle and strike SHORT. Be careful we may have one more wave upwards before the downfall. MACD crossed on 4h TF AND RSI also going out of oversold conditions. The pressure from those indicators may take the price up once again before the downfall.
Trade with care
Cheers