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TraxionInvestments
Oct 7, 2022 5:00 PM

USDCAD - Rising Wedge Pattern Formation Short

USD/CADOANDA

Description

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!!
Comments
KEV911
Do you believe this is still valid after watching SPY take a hit today follow job reports?
TraxionInvestments
@kevinsmyj Very valid. We are going down.
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