FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

And here on USD/CAD, yesterday we experienced a situation where the price moved against the logic. As we have discussed before, this has been happening quite often lately. The expected breakout was to the downside, and it did happen, but not from the anticipated channel. The yellow technical channel remained broken without significant consolidation. Also, the fact that the previous low was not retested played a role in breaking the logic. In general, we witnessed a sharp move in the opposite direction. Considering how today's levels are positioned with the mandatory zone below the price, pushing us upwards, we might indeed expect an upward movement following the blue scenario. That's what I will be doing.