Symmetrical Triangle for a Long position
USDCAD opened with Lower high and gave a big bearish candle on first day of the week, I was looking at different time frames and saw a symmetrical pattern on the one minute time frame (Using 15 minute to publish, analysis on 1 minute time frame), though I do not recommend using the one minute time frame at the opening but it was a sure bullish move that was coming.
Took the trade with a small stop loss and TP at the size of the length of the triangle base, just above the slope of lower high and made a small profit to start the week.
Where is USD moving in the coming week, what are the different factors that will effect its move?
comment and share your experience.!!
Cheers
Took the trade with a small stop loss and TP at the size of the length of the triangle base, just above the slope of lower high and made a small profit to start the week.
Where is USD moving in the coming week, what are the different factors that will effect its move?
comment and share your experience.!!
Cheers