Hello traders,
I just spotted a high probability setup on USDCAD. The pair was in a HTF triangle and this triangle was broken to the bottom. We saw price rising back and retested the broken diagonal support and we see price falling very rapidly. 1.266 is also a a confluence of the broken rising trendline and the horizontal level. Bulls will have difficulty taking price higher beyond these levels. We will be considering shorting the pair.
Please support this idea with likes if you find it beneficial. I'll be glad.
I just spotted a high probability setup on USDCAD. The pair was in a HTF triangle and this triangle was broken to the bottom. We saw price rising back and retested the broken diagonal support and we see price falling very rapidly. 1.266 is also a a confluence of the broken rising trendline and the horizontal level. Bulls will have difficulty taking price higher beyond these levels. We will be considering shorting the pair.
Please support this idea with likes if you find it beneficial. I'll be glad.
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.
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.