PriceActionTrading

USDCAD PRICE TIGHTENING. BREAKOUT SOON. UPSIDE HOPEFULLY

FX:USDCAD   USA-dollar/Kanadensisk dollar
USDCAD TRIANGLE PATTERN.
ANALYSIS:
H4 PRICE HAS MET RESISTANCE FROM
200 50 20 SMA AND BEING SQUEEZED BY THE DESCENDING TRIANGLE

NOTE:
20 AND 50 SMA ARE TRADING SIDEWAYS,
THIS IS A CONSOLIDATION MARKET THUS BREAKOUT COULD HAPPEN EITHER SIDE.
BUT A BREAKOUT IT WILL BE.
WAIT FOR A SUSTAINED CLOSE D1 OUTSIDE OF THE TRIANGLE BEFORE TRADING
UNLESS YOU ARE ADVENTUROUS.

I PERSONALLY HAVE A UPWARD BIAS FOR USDCAD.
PRICE WILL MOVE BELOW 1.24, CAUSING PEOPLE'S SELL ORDER TO TRIGGER AND THEN
MOVING ABOVE 1.24 AND CLOSING HIGHER THAN 1.24.
TRAPPING ALL THE GREEDY BEARS.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.