USDCAD TRIANGLE TRADES
Updated
4H Triangle Pattern
Price bounced off top of triangle heading down
Price can bounce off bottom and retest previous high
Or price can breakout triangle bottom
Macd below 80 Stoch level and Red signal line
1H Chart
Macd in strong upward pattern at 80 Stoch level
Watch close of candle at end of hour
15m Chart
Price bounced off triangle top
Currently in a bullish pullback or continuation
Price could fall to 20 sma and bounce long or breakout short
If bearish watch for a Red SAR circle
Find a SL
Price bounced off top of triangle heading down
Price can bounce off bottom and retest previous high
Or price can breakout triangle bottom
Macd below 80 Stoch level and Red signal line
1H Chart
Macd in strong upward pattern at 80 Stoch level
Watch close of candle at end of hour
15m Chart
Price bounced off triangle top
Currently in a bullish pullback or continuation
Price could fall to 20 sma and bounce long or breakout short
If bearish watch for a Red SAR circle
Find a SL
Note
Price had a bullish continuation move.Lets see if it continues or fails
Note
New Bullish Take ProfitNote
New Bullish Take Profits revised - Note
This had a great Bullish move
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