Get started
TraxionInvestments

USDCAD - Rising Wedge Pattern Formation

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
TraxionInvestments  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns usacad usdcadshort priceactionanalysis priceaction Forex forextrading forexsignals supportandresistancezones
5
2
trendanalysis harmonicpatterns chartpattern usacad usdcadshort priceactionanalysis priceaction forex forextrading forexsignals supportandresistancezones
We are now seeing a RISING WEDGE PATTERN forming. This is a highly BEARISH pattern. I'm still very much BEARISH on USDCAD. More SELL trades have been placed at 1.37500. Market-maker keep taking the price above my 1.36400 zone to take out even more SELLERS and BUYERS. Their intention is to SELL BIG!!!

My 1st TP is still at the 1.30000 zone. The following week will be very interesting!!!

PATIENCE IS KEY!!

Related Ideas

TraxionInvestments
USDCAD - PRICE GOING FOR 1.30000 ZONE
TraxionInvestments
USDCAD - More STOP LOSS HUNTING
TraxionInvestments
USDCAD - 1.36400 ZONE Last Kiss
TraxionInvestments
USDCAD - 1.36400 ZONE BREAK SUCCESSFUL
TraxionInvestments
USDCAD - SOME MORE STOP LOSS HUNTING
TraxionInvestments
USDCAD - STOP LOSS HUNTING
TraxionInvestments
USDCAD - Extreme Bearish Sentiment
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.