UsdCad is looking chooby which is forming a TBT set-up.We might see a breakout.
In the upper trendline this pair has faced two trendline and one resistance and the result it failed to break those ankle.Because of that it has dropped down and we have seen one hanging man and then bearish candle now it is pushing down side of the trend-line looking strong to break it but need to wait for the breakout finally then we could go for sell.Otherwise we will have to wait for the any side of break out then we could take our position.
In the upper trendline this pair has faced two trendline and one resistance and the result it failed to break those ankle.Because of that it has dropped down and we have seen one hanging man and then bearish candle now it is pushing down side of the trend-line looking strong to break it but need to wait for the breakout finally then we could go for sell.Otherwise we will have to wait for the any side of break out then we could take our position.