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WicktatorFX

USDCAD - What's Next?

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
WicktatorFX  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis USDCAD USD CAD Oil usdcadlong usdcadshort descending Descending Broadening Wedge signal
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trendanalysis chartpattern waveanalysis usdcad usd cad oil usdcadlong usdcadshort descending descendingbroadeningwedge signal
Price has been within a descending wedge since May 2020. Descending wedges usually break upwards. So what can we do?
We can either:
1) Wait for price to break the descending wedge and then find entry reasons for a BUY
2) Working within the parameters of the wedge and look for shorting opportunities
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