USD/CAD Short Update

This is an update to my original post about shorting USD/CAD from January.

As you can see in the chart below, price stayed withing it's long-term channel lines, completing the 5th wave rally. I was a few days early, but ultimately, price has dropped down to nearly 1.3500, providing a profit of 700+ pips!

If price reaches 1.3250, I will look to go long in preparation for a 5th wave targeting 1.50!