CAD

Hi Everyone

Trades on the four hour chart are far and few between at the moment. I have heard a few traders blaming the lack of movement on Royal Ascot last week.

I include a potential trade setup on the Cad. Its falling in a wedge pattern and the market is at suppport.

The target line is shown. There is also a Elliott based motivation for the trade which I will include in a later post. I will be waiting for a candle pattern on the h4 to confirm the sentiment has changed here. Nothing done as yet.

Good trading

David