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Weekly USDCAD Short - Wyckoff Upthrust & a triple top

163
After the second week closed below the highest bar that poked the previous high we have a strong confirmation to short this Upthrust to the downside. The Poke bar on its own is a sizable one. Our final target is the downside of this range. We also have a Triple Top bearing. On the monthly chart, we are coming from a big downtrend although, on the weekly chart, we can say this is a countertrend trade - we bet that we are in a range at the moment.

Giving and option for take profit target and a final one.
That will be a fairly long trade if it works out properly.

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