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FXShinobi
Dec 3, 2019 6:08 PM

USDCAD SHORT - PRICE CONSOLIDATING IN TRIANGLE  Short

U.S. Dollar/Canadian DollarFXCM

Description

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.

Comment

Price broke through to the downside! Bearish bias holds now.
Comments
NgThTnh
I am stuck with some orders at rather low prices if the ucad really makes me nervous
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