capitalpropertiesfx

USDCAD - possible pullback before higher

FX:USDCAD   U.S. Dollar/Canadian Dollar
264 4 6
It looks like we had a triangle in this pair and currently price failed exactly when the measured move was done. Hence, I suspect we might see a small pullback here, before heading higher.

Bigger picture stays as it is - bullish .

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Gino
2 years ago
What do you mean by Measured Move? Thanks.
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capitalpropertiesfx Gino
2 years ago
Largest segment (leg) of the triangle gives you the potential measured move.
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i m currently on short position #usdcad where can i take profit ?
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capitalpropertiesfx rahul.jaiswal.5203
2 years ago
Very difficult to say as the pair is very bullish. I would stay away from short positions.
We could see a pullback to 1.1300 but it is a longshot.
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