In the current market structure we are looking for a 3 potential sell setup #1- In the current price there is a potential flag pattern formation that can break then form a ascending channel with a double top formation. We can enter on the 3rd touch or at the double top as risk entry on in the break of tiny rising wedge as reduced risk entry #2- It can formed a...
In the current market structure we can see an Ascending Channel that indicates a potential reversal to the down side We are looking for a sell entry in this currency pair Sell Setup #1: We can enter in the 3rd touch as risk entry or in the break of the bear flag as reduced risk entry Sell Setup #2: We can enter on the possible double top formation Keep it...
Major Pattern: Ascending Channel Minor Pattern: Big Descending Flag Conclusion: There is a potential short term buy opportunity in the current market setup. But in the bigger picture we are looking for a big sell off in this USDCAD pair. Keep it simple & Happy Trading Guys! Like if you agree :) *This Market Analysis is for educational purpose only. Trade at...