USDCAD FALLING WEDGE - To short to 1.24820, then long to 1.29200

Right here is the USDCAD pair in a falling wedge giving a signal to buy.

Therefore I expect the market to first short to the lower trendline at 1.26820 before an uptrend to 1.29200.

What do you think?

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Trade active

Price moved as predicted. Sell target reached. Profit smashed🤑💰💸💵. Here is the clearer picture of the chart.

Now looking for a bullish confirmation candle to place a buy order. If there's no clear confirmation candle, then we sell. Here is the clearer picture

Note

Confirmation candle forming. I can see a bullish pin bar. Can you also see it?

Trade active

Thanks for watching. Profit smashed.

Trade closed: target reached

Target reached. profit smashed.

PetrockFxTrading

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PetrockFxTrading

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