USDCAD short to 1.31000.
We can see USDCAD is on a very strong uptrend on the daily timeframe, staying between this upwards channel since September. It has touched the higher TL 3x and we are still waiting for the bottom TL to be tested for a third time.What leads me to believe that it will reach this area is 1) the break of the inner TL 2) this area will complete the ABCD pattern stated, which also matches lower TL 3)very strong weekly support area. Once 1.31000 is reaches, I will wait for daily confirmation for another drive to the upside, or await the break and retest of the lower TL to go short.
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