Get started
Kendrick_Chan

USDCAD | descending triangle is going to break

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Kendrick_Chan  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Triangle Trend Lines Candlestick Analysis priceaction
7
0
triangle trendline candlestick priceaction
  • USD predication is anticipated to be bearish, and CAD has high yield
  • crude oil is anticipated to be bullish
  • the descending trendline was false broken for twice
  • the last time confimed with strong engulfing reversal
  • 50 SMA was false broken last time, this time seems for real
  • descending triangle is reliable bearish pattern
  • risk-reward ratio is decent
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.