After 24 days of sideways price action, forming a clear triangle, a breakout opportunity exists with upside targets of 1.30 and downside targets of 1.20. Price action is roughly 2/3 into triangle apex, a breakout may see quick action to either targets. I am currently long USDCAD since 1.079 and 1.116.
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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.