Double Bottom Pattern in USD/CAD

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As you can see, a double bottom pattern has formed in the USD/CAD currency pair, presenting a valuable trading opportunity. ๐Ÿ“ˆ

Given the current trend's weakness and the fact that we are in the 61.8% Fibonacci retracement area of the previous larger move, this setup looks promising. ๐Ÿ“‰

A move beyond the pattern's target range would signify a complete trend reversal and a retest of the main daily resistance. ๐Ÿš€

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Penafian

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