Chart Pattern
Updated
USDCAD has a nice rectangle of sideways movement. After today, inflation came down in Canada, and the US dollar made some positive moves. Technical indicators are suggesting a buy moment. My first TP is 1.36. In the bigger move, the second TP is 1.38. If it breaks 1.39 and consolidates above 1.39, we will expect to continue the pattern to move to 1.44. USDCAD Note
Today the first TP at 1.36 was hit! Was a 8 days open the trade but on the and the analysis and the waiting time was winner. Good luck guys and trade safe!
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.