USDCAD LONG OPPORTUNITY FALLING WEDGE - PINBAR BREAKOUT
Updated
Hey traders, here is my analysis of the USDCAD on the H1 charts currently.
Price has been forming a falling wedge pattern for the past couple of weeks.
It seems like price is trying to break out of the falling wedge, with a strong pinbar close on high volume.
Let's see if the bulls can take control here!
Daily trade analysis and ideas:
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ForexShinobi
Price has been forming a falling wedge pattern for the past couple of weeks.
It seems like price is trying to break out of the falling wedge, with a strong pinbar close on high volume.
Let's see if the bulls can take control here!
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi
Note
Strong hour close @ 12pm eastern, lets see if price can continue it's momentum up!!Note
Close trade before 10am Eastern tomorrow. Bank of Canada interest rate decision is coming out - which I believe will spike price down.Note
Price exploded up for almost 100 pips currently. I closed before the Bank of Canada interest rate decision - so unfortunately missed the move! But still secured some profit.
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