DXY: Broke out of a bullish ascending triangle pattern.
CXY: Broke out of a bearish HNS pattern.
Result: Retest of resistance/support levels on DXY, CXY and the currencypair USDCAD itself. This will be a perfect time to re-enter if you're not already in a short position on USDCAD. With that being said, let the pips rain down on us.
CXY: Broke out of a bearish HNS pattern.
Result: Retest of resistance/support levels on DXY, CXY and the currencypair USDCAD itself. This will be a perfect time to re-enter if you're not already in a short position on USDCAD. With that being said, let the pips rain down on us.
Trade closed: stop reached
The dollar gained a lot of strength and broke out of its bullish pattern, CXY remains in a support-resistance area.
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.