USD/CAD not ready for a buy yet, do not get fooled!

Technical analysis: Coming off of wave E we see a textbook impulse wave, followed by an expanding flat ABC correction. Right away after that occurred we unfolded into another perfect impulse wave. But as we can see there is still room for wave 5 so be patient and wait for the right moment.

Fundamental analysis: USD opened up this week much stronger and when its reported that way the herd of sheep will start buying like crazy. Remember successful traders do not trade the news, we trade the reaction of the news. So lets wait and see, happy hunting guys.