Possible USDCAD SHORT Setup Out Of Rising Wedge

Hi Traders, USDCAD has rejected the 78.6% FIB at 1.4114, and is currently consolidating in an rising wedge. Wait for a possible break-out and retest of the backside of the wedge to enter into shorts. Stops at 1.4154 and Target at 1.3987 for a nice RR of 1.

If you agree with this setup, please leave a like or comment.

Happy Trading!