CAD Ready to lose strength
CAD weighted index, Daily on the left, we have the general bearish structure (impulse + flag, although its a flat top triangle, the general wick directions point for a massive bearish move)
Weekly on the right, shooting star closure
I do believe CAD is about to lose a very serious amount of strength, unless we close above the trendline +flat top triangle on a weekly time frame.
I will break this down further on a fundamental basis for our private members.
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me/pipsofpersia
Weekly on the right, shooting star closure
I do believe CAD is about to lose a very serious amount of strength, unless we close above the trendline +flat top triangle on a weekly time frame.
I will break this down further on a fundamental basis for our private members.
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me/pipsofpersia