FX:USDCAD   U.S. Dollar/Canadian Dollar
SIMPLE AND OBVIOUS BEARISH TRIANGLE
Next support is 107.5 @ 200 SMA
And then 107
Not to sure I see an "obvious triangle" I see more
of a descending wedge or descending channel, BUT,
I was wondering if you think the probabilities for
a double bottom, with minor divergence showing,
is how strong a possibility ?
Thanks for your thoughts !!!!!
Reply
hamidesnaa dojitrader
Yes , there is also a descending wedge, that can make a continuation pattern,
and then go higher .
But for a double bottom, we have to see, and the divergence is not considerable and
could be a result of consolidation.
Thanks for your comment
Reply
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