USDCAD SHORT - PRICE CONSOLIDATING IN TRIANGLE
Hey traders,
As seen on the chart USDCAD is consolidating in a triangle pattern.
It attempted to break out to the upside before coming back into the current pattern.
Does this mean bulls failed, possibly.
If there is a breakout to the downside I see a good trade opportunity.
However I am already currently short from the daily charts so let's see what happens.
As seen on the chart USDCAD is consolidating in a triangle pattern.
It attempted to break out to the upside before coming back into the current pattern.
Does this mean bulls failed, possibly.
If there is a breakout to the downside I see a good trade opportunity.
However I am already currently short from the daily charts so let's see what happens.
Comment:
Price broke through to the downside! Bearish bias holds now.
