CaribbeanBlueFXTT

USDCAD Nearing the bottom of the monthly wedge

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
What's good Traders,

Let's kick back off with some charts shall we. This markup is really geared towards showing traders what to look for when placing a trade but some analysis also went into it.

I am looking at USDCAD as it approaches the bottom of a monthly wedge . Market is currently ranging however we will be looking for a probable breakout pattern to take it to the bottom of the wedge . WE MUST WAIT. This may fake out a lot of traders and we shall not be one of them.

If we do not get that opportunity we will wait for some direction into next week.

Happy Trading.
Feels good to be back ;-)

CB

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter