Wedge pattern on USDCAD that is very likely to break to the downside. Many days of indecision candles and now there is a big bearish engulfing candle after testing the 38.2 fib level and 1.3500 even level. Short will be supported by the weak dollar in recent days, and price is likely to complete a daily abcd pattern at previous support, and come down and test the weekly trendline.
Kommentera:
very nice 200 pip profit