USDCAD Situation
Here you go... A nice uptrend has appeared. Demand and supply are getting limited. OK - there will be a triangle (UP) or wedge (UP) - orange. Meant on the bigger - cca 4H or 6H - scale. On the other hand, there is a another smaller triangle, which has been probably estabilished - but it may become the red one wedge. If you want to open the position, just wait for breaking the current high or falling down from it - that is more probably - as the triangle has been probably already formed. Thats it. Both ways possible, both ways very, very sweet and profitable. Thats my loved Pure PA - it has never betrayed me. Just do not get caught by Bullish / Bearish III. Every *Follow* or *agree* is welcomed. I focus myself on USOIL and XAUUSD, however, I am just 16, so I cannot invest now. My grand-grandpa was a banker, so you can be sure I know how money flow.
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.