Price broke out of its uptrend wedge last week then has been consolidating above for the past couple of days. Also broke my ascending triangle with a bullish candle after touching the 50 fibonacci level & retested broken trend line. Price is currently above 91.00 supply level, & has been consolidating between 90.500 & 91.000 area.. I am expecting more upside coming soon price is in an uptrend ...
Trade with care! : )
Trade with care! : )
Note
inverse head on shoulders still in play on the weekly, some extra confirmation Note
CPI Numbers & Core Retail sales out of CAD tomorrow morning as well, could bring more movement to this pair potentially.Note
careful, Japanese yen gaining strength after recent threats for North Korea to the US could bring a lot of strength to JPY :/ Will look for another setup shortly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.