Wicktator

USDCAD - Ending Diagonal Scenario - LONG

FX:USDCAD   U.S. Dollar / Canadian Dollar
We maybe seeing an ending diagonal pattern here with a double bottom reversal pattern, indicating towards a bullish breakout. Confirmation would be a break of the trendline and zone and a retest. Will be keeping a close eye on this pair this week to see if we can get an entry.

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Comments

Today, Monday 15th, we're getting a good bounce off the low, which is confluent with Weekly support around that level. Let's see how it develops.
+3 Reply
No bouncing yet though its past the point. Any ideas.
Reply
Nice one, could be a spring of dollar buying
+3 Reply
Great chart - Thank you.
+2 Reply
Wicktator Thank you, you seem to be the only one that keeps it simple and straightforward! Your analysis is very helpful sir!
+2 Reply
Renounce isn't ter though it has gone down below 1.2400. Something else maybe in the charts.
+1 Reply
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