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WicktatorFX

USDCAD - Double Bottom

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 signal Wedge double bottom Double Bottom
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trendanalysis chartpattern waveanalysis usdcad usd cad oil signal wedgepattern double bottom doublebottom
USCAD has been in a descending wedge and is being squeezed. As we're anticipating CAD weakness, could this be the start of a a bullish run for USDCAD?

We could potentially be seeing a double bottom happening now. I would wait for a break of the wedge before considering longs. Until then, I'll be sitting on the sidelines as it would be wise to wait for confirmation than catch the tops and bottoms of a move.

As always, Trade Safe!
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