Short
USDCAD H4 : Deep wedge retest heading for a QML
On the H4 timeframe, price has broken out of a wedge and price is likely to move to the down side. Price is making a deep pull back and it has reached a FTR with is a QML. The QM is vaild because we do have PA, firstly the QML is above a keylevel. And secondly price accumulated when approaching the decision point, a minor wedge form and was broken when price reached the QML.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.