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USDCAD - Cooking

Is this their 1st Push Up or Hard to Move Up? A possible Plutus Reversal Short might be coming up (not valid since it is still forming and has not broken that Break Level) . Patience, no trade yet, let them reveal their intetions.

Three different scenarios can play out here:

  1. Plutus Reversal Short by breaking this support Break Level

  2. Plutus Long (fast move down without breaking this support Break Level) and then break up.

  3. We start ranging for a while

So why guess, just be alert and let it play out - Remember the Follow Strategy



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