Range Based pattern -- Canadian dollar showing signs of picking up steam again with 135 pattern on USD/CAD pair. Candle impulses on lower time frame suggest price roll over/retracement. Watch for the close.
Note
Additional candle formations of the Canadian dollar are confirming analysis so far. Trade is active short. Targeting 0.93 -- if this is a "trend ender" version of this setup and support breaks, could drop a fair bit below that (long term).
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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.