DXY: Broke out of a bullish ascending triangle pattern.
CXY: Broke out of a bearish HNS pattern.
Result: Retest of resistance/support levels on DXY, CXY and the currencypair USDCAD itself. This will be a perfect time to re-enter if you're not already in a short position on USDCAD. With that being said, let the pips rain down on us.
CXY: Broke out of a bearish HNS pattern.
Result: Retest of resistance/support levels on DXY, CXY and the currencypair USDCAD itself. This will be a perfect time to re-enter if you're not already in a short position on USDCAD. With that being said, let the pips rain down on us.
Trade closed: stop reached:
The dollar gained a lot of strength and broke out of its bullish pattern, CXY remains in a support-resistance area.