KVE

USD/CAD: Diamond pattern or triangle, up or down...?

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
128 0 3
It can go both ways. Trend was up before so trend continuation after this complex correction ending with this triangle should have higher likelyhood, also I don't think we've seen the top yet.

Entering upon confirmation gives higher probability, countertrade when it reverses and SL is hit.

It's possible to open both at once at market as in the chart setup, but that further limits succes rate.

Worst case is I get whipsawed out of both... thus limited position size!
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