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FosuaForson

USD/CAD Bulls getting ready for another move?

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
FosuaForson  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Pennant Support and Resistance Trend Lines
2
0
pennant supportandresistance trendline
Price has been on a clean uptrend since Feb 2020 with a pendant break and retouch. Since then Price hit 2016 resistance at 1.46.

We currently have price creating a bullish flag which could suggest that price is heading to continue its bullish move.

However plans can always change and sellers could persist and we could head back to 1.36.

Im personally looking towards a bullish move and if we break the pendant then to get in and follow the wave :)
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