I found a pattern that was playing its game on the usdcad with the price making a double bottom on the hourly chart and the price action forming an inverse pin bar with a bullish candle following , forming then a morning star pattern that confirm the short ter bullish bias for this pair. At the moment the price made a higher high and besides the bad news released today on job claims the pair still holds a bullish momentum which support the trade and shows strength on the bullish side. I expect the price to continue to the bullish side if we see good news related to the pair with the Ivey PMI Release for the CAD and the Factory Orders release for the USD.
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