It seems that USDCAD
is in a triangle formation at the moment. Soon to hit support = sell now. After that it might rise again to hit resistance. I think it will rise to hit resistance and maybe break. This is because of the steeper higher lows, than lower highs. For me it looks like the triangle is more bullish
overall than bearish
. But for now I see a bearish
moment until support is hit, after that, it might shift to more bullish
Would love to hear what you guys think about this idea. I will be following it, when markets open again.