IndependenTradingFX

USDCAD - SPECULATION UNTIL CONFIRMATION.

FX:USDCAD   U.S. Dollar / Canadian Dollar
Potential future moves. We sit neutral without a confirmation on either moves.

1. Price will continue its bullish run since completing our double bottom pattern... and run from the neckline ( CMP ) to our resistance line that has multiple wick rejections.
Keep in mind, price may consolidate a little at our current area before price action shows us who is in control.

2. Price will continue down to our support line / double bottom level, retest the neckline then continue a bearish trend .

Do not forget to take advantage of shorter timeframes to get a much more detailed view of the market.
This will allow you to spot the perfect entry using price action candlestick patterns at a targeted level and or area!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out