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georgethefirst
Feb 20, 2024 10:08 PM

Chart Pattern Long

USD/CADOANDA

Description

FX:USDCAD has a nice rectangle of sideways movement. After today, inflation came down in Canada, and the US dollar made some positive moves. Technical indicators are suggesting a buy moment. My first TP is 1.36. In the bigger move, the second TP is 1.38. If it breaks 1.39 and consolidates above 1.39, we will expect to continue the pattern to move to 1.44. FX:USDCAD

Comment

Today the first TP at 1.36 was hit! Was a 8 days open the trade but on the and the analysis and the waiting time was winner.

Good luck guys and trade safe!
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