USDCAD: Triangle Completion Could Indicate Long TradeWe may have a possible contracting triangle scenario if price drops from 1.3310. Price is still on the trajectory to reach the TP projection of the Garltey pattern @ 1.3415. A clear uptrend and with clear structure formation. Wait for confirmation before looking for any buy setups.
Usdcadbuy
Dollar CAD update - usdcadANALYSIS ON USDCAD
Welcome to my analysis
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1HR CHart
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Interesting Point of interest In the USDCAD pair.
- Price below 100/200 day EMA.
- look for sell signals.
- Expecting some more downward movement.
- Watch 1.31947 for Take Profit (TP). *** please note i am expecting 1 more bullish move so you might want to wait for the move up (so buy then look for the seell)
USDCAD approaching support, potential for a bounce!
USDCAD is expected to drop to 1st support at 1.31836 where it could potentially react off and up to 1st resistance at 1.32711.
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