ZLAPPED

Triangle Setup for potentially Long

Panjang
FX_IDC:USDCAD   Dolar A.S. / Dolar Kanada
4
The triangle is almost complete before it's expansive move. On the larger daily timeframe, USDCAD has almost reached 61.8% on Fibonacci retracement measuring by 1.46914 (100%) & 1.24644 (0%). By not reaching 61.8% level yet, could show that there is still interest for the upside. On the 1hr timeframe, shows the tightening of the triangle & the red arrow illustrates the price crossing the key trend line. The two red horizontal lines are the key levels. I think, if it passes one of the levels, it's the indication of the side where it will break. Now is pretty good entry time with a tight Stoploss due to low volatility. Good luck everyone!
Penafian

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