USDCAD is inside a Triangle pattern that started forming since the October 13th 2022 High.
The latest hit on its bottom (leg 4) is what is pushing the price upwards today so aggressively.
So far all legs have been symmetric with the 1st phase (1 through 4) inside the Triangle and leg 4 targeted previously the 0.786 Fibonacci.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.37400 (the 0.786 Fibonacci).
Tips:
1. RSI (1d) is under its MA line. A break over it, confirms the bullish sentiment.
Please like, follow and comment!!
The latest hit on its bottom (leg 4) is what is pushing the price upwards today so aggressively.
So far all legs have been symmetric with the 1st phase (1 through 4) inside the Triangle and leg 4 targeted previously the 0.786 Fibonacci.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.37400 (the 0.786 Fibonacci).
Tips:
1. RSI (1d) is under its MA line. A break over it, confirms the bullish sentiment.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.