USDCAD potential swing trade explained.

USDCAD / 1D

Hello traders, welcome back to another market breakdown.

USDCAD has been trading inside a rising channel which is another type of trading ranges where traders look to sell high and buy low. However, the price now is in the middle of the range, bulls want to find a lower high where bears want to see the low of the range.

Checkout the chart fow what type of confirmation I'll be waiting for before going short.

Trade safe,
Trader Leo.