Good day, traders! USD/CAD has been bearish since March, accompanied by periodic pullbacks, which can be observed right now. This situation has formed buyer liquidity in the range of 1.32600-1.32300.
Now, there is a five-wave pattern, in which wave 4 is already ending. Traders can jump-start wave 5 by opening short positions, with stop loss set at 1.35500. Take profit upon the breakdown of 1.32600 and 1.32300.
This trading idea is based on the "Price Action" and "Stop Hunting" methods.
Good luck and don't forget to control the risks! Have a nice day.
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