My prediction on the path the price of Brent Crude Oil will take
Here is my prediction of the price pattern USDCAD will follow.
Descending triangle can be observed. Possibility that the price hits the trend line, and the trend will be reversed.
Clear descending triangle can be observed. If the price reaches the trend line, the trend will be reversed.
Possibility to SHORT if breakdown of the trend line. Possibility to LONG if no break down of the support line. Possibility to go SHORT if reaches the resistance line. I am a new trader, any thought on the current situation? :)