Looking at weekly, USDCAD's choppy rising channel since Sep 2017 is showing signs of losing steam.
The reversal should happen below 1.38 level (previous significant high), otherwise the pattern is invalidated.
This is a trade with great risk & reward profile.
The reversal should happen below 1.38 level (previous significant high), otherwise the pattern is invalidated.
This is a trade with great risk & reward profile.
Note
USDCAD plunges over the past week. This is only the very beginning. Expect 1 USD = 1 CAD parity by 2020.
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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.