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#USDCAD rising wedge pattern breakout

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Dolar A.S. / Dolar Kanada (FX:USDCAD)  
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FX:USDCAD   Dolar A.S. / Dolar Kanada
Trend Analysis Chart Patterns Technical Indicators Forex forexsignals forextrading Technical Analysis chartanalysis chartpatterntrading chartpattren Rising Wedge marketstructure
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trendanalysis chartpattern indicator forex forexsignals forextrading technicalanalysis chartanalysis chartpatterntrading chartpattren risingwedge marketstructure
In case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price.

Also we can see in the last bullish move price formed a bearish divergence.

Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move.

If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Dagangan aktif:
Expecting price to continue moving in our direction.
Dagangan aktif:
As long as the price fails to create a new high and surpasses 1.36000, this analysis remains valid, and the recent bullish move would be considered a pullback towards a broken rising wedge pattern.

Idea Berkaitan

mohemati
#USDCAD another selling opportunity
mohemati
#USDCAD will it continue going lower??
Penafian

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