Hey folks, happy Wednesday! Hope you are all doing well!
I am noticing a perfect barrier triangle ABCDE correction pattern forming on USDCAD. It could be a really good opportunity to short when the price does reach the resistance level. I personally would set up the stop loss right above the resistance line and take profit around the support line.
Happy trading!
I am noticing a perfect barrier triangle ABCDE correction pattern forming on USDCAD. It could be a really good opportunity to short when the price does reach the resistance level. I personally would set up the stop loss right above the resistance line and take profit around the support line.
Happy trading!
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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.