USDCAD: Very significant top reached!

29 ก.ค. 2015

Analysis on chart.
There is slight probability that this is the top for this pair, and a strong decline might start from here.
I'll be looking to enter short on a retracement if possible, or after a consolidation forms.
The invalidation level will be a new high, naturally.
Will update with my entry, for now, it's impossible to enter safely, unless you're already in (which I'm not).
Props to Sokow, jangseohee, AndyM, @NCoulb1 and GcNaif, we've been analyzing this pair extensively together as of late.
Check out their charts.

Good luck,

Ivan.