The 4-hour chart of USD/CAD formed started its downtrend from a round top formation
Now, it has formed a bullish reversal pattern,falling wedge.
When lows(troughs) are not reducing proportionally to the highs(peaks), a falling wedge is formed.
The pair broken out from the wedge pattern and also re-tested it.
Hence, we expect a good bullish move in the counter.
Now, it has formed a bullish reversal pattern,falling wedge.
When lows(troughs) are not reducing proportionally to the highs(peaks), a falling wedge is formed.
The pair broken out from the wedge pattern and also re-tested it.
Hence, we expect a good bullish move in the counter.