mmm cant say much it will be very interesting if you find the clue on the chart. mmm drinking my coffee right now
If this pair rejects the zone 1.0400 to 1.40200 i am in for a short back to 1.39080.
I am neutral on this broken resistance 1.08900 could actually turn to support if price holds the zone 1.08900-1.08750 then i am going long back to 1.09750 that would be my take profit but if other wise then a short. But i favor the long because i can see a descending triangle in play........
I messed up my support and resistance entered too early i am in this one currently. lets see if it pans out
After a double top on the daily we saw a massive drop price has come to retest the mid point of the double top at 0.85000 and failed lets see if we can ride this pair back down
IF IT BOUNCE OFF THE TREND LINE THEN I AM GOING LONG
IF PRICE HOLDS 0.89000 I AM GOING LONG . TARGETING 0.9000
THREE TAPS TO THE SUPPORT AND FAILS TO BREAK. LOOKING FORWARD TO BUYERS PUSHING IT UP THE COMING WEEK
For the past three to four weeks usd/cad has failed to close above the green line a descending triangle in play and also on the four hours you can see how the ascending triangle got broken and came back for a retest. looking bearish