Nothing fancy about this chart just a simple double bottom on USDCAD. I noticed this last night when the market originally went overbought but my rules didn't allow me to place an aggressive order since there really isn't much major structure nor Fibonacci confluence. Therefore I was going to watch it closely for a retest with some RSI Divergence and see if I would get a chance to enter. If you read what I put under the "Morning Thoughts" section on the homepage then you'll see what kind of issues I had this morning, but long story short, price action had already moved to far for me to get involved at a price of my liking. Either way it still proves to be a good trading example and if I remember correctly there are some other ones setting up on a few other pairs on some longer term charts.
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