USDCAD: Retest of Support May Indicate Further Rise
Hi Traders,
On November 28th, price was showing a contracting triangle and making the case for a long setup. The triangle has now been invalidated and price is forming a regular flat. We may still have a long setup if price retests support at 1.3255, thereby completing the regular flat.
I have indicated clear buy and sell zones.
All the best,
Wave Theorist
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If you like my analysis, kindly follow me on:
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On November 28th, price was showing a contracting triangle and making the case for a long setup. The triangle has now been invalidated and price is forming a regular flat. We may still have a long setup if price retests support at 1.3255, thereby completing the regular flat.
I have indicated clear buy and sell zones.
All the best,
Wave Theorist
_____________________________________________________________________________________________________________________
If you like my analysis, kindly follow me on:
Instagram - www.instagram.com/wave.theorist