USDCAD extending but the short will follow soon

The USDCAD is extending once again and is closing in on the weekly 138.2 Fibonacci ratio based on the weekly AB leg. This might turn into resistance along with psychological level 1.44-1.45. I'm not trying to sell the top due to the impulsive character of the up-move. A reversal from this level however will increase the probability of a successful short after the trend line breaks.

We have to be a little more patience but the short is still what I'm looking for.



I also updated my EURUSD and EURJPY trade plan which also take their time to trigger.

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