Hello traders! We are looking at a bearish
move that is showing signs of exhaustion and it approaches the bottom of this wedge
. We could possibly see a bullish
reaction if we get and extension down to our zone which will provide a buy opportunity on the dollar cad. We may see a retracement before the extended move down to the zone, i would prefer to see a 25%-38% retracement from this impulse move down before considering this setup to be valid. This is an idea not a signal, published for educational purposes. Trade smart don't gamble.