Hello Traders
USD/CAD is possibly moving up.
Here is why:
1- Price is moving inside of falling wedge(Reversal pattern).
2- We can see RD+ in RSI indicator, showing us a possible trend reversal.
3- Strong support zone in 1.27900 -1.27500.
Invalidation: IF price breaks and stays below 1.275.
If you like it then Support us by Like, follow and share.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and does not include financial recommendation. Trading is Risky, so before any action do your own research.)
USD/CAD is possibly moving up.
Here is why:
1- Price is moving inside of falling wedge(Reversal pattern).
2- We can see RD+ in RSI indicator, showing us a possible trend reversal.
3- Strong support zone in 1.27900 -1.27500.
Invalidation: IF price breaks and stays below 1.275.
If you like it then Support us by Like, follow and share.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and does not include financial recommendation. Trading is Risky, so before any action do your own research.)
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.