FX:USDCAD   Dolar A.S. / Dolar Kanada
0
Wait for the breakout...
In my system of trading, which is called "Boehme Logic" is every movement a part of movement that is bigger. I recongize only four formations - two UP - wedge and triangle, two DOWN - wedge and triangle. The system is based on logic of Supply and Demand, however, I will not describe it all now. If any formation got broken UPWARDS, there will be formed down formation. If any formation got broken DOWNWARDS, you can expect up formation... And every formation is at least a triangle. It means now the price will rise. Sorry for last chart, I did not work hard on it. I did not respect my old rule - find at least 3 previous formations. Then the next one is going to be OK.
Penafian

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