Get started
AlgoVenture

USDCAD Buy - Double Bottom at Bottom of Range

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
AlgoVenture Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns USDCAD loonie usdcadlong usdcadbuy Double Bottom Symmetrical Triangle pullback rangingmarket
7
0
trendanalysis chartpattern usdcad loonie usdcadlong usdcadbuy doublebottom symmetricaltriangle pullback rangingmarket
USDCAD has ranged within a symmetrical triangle for the past one month.
The price has rebounded off from the bottom of the symmetrical triangle and it is now hovering below the neckline.
Look for buying signal as the price pulls back from the neckline for a probable shoot up through the neckline towards the top of the symmetrical triangle.
Comment:
Pullback has begun. Wait for the retracement to complete to long.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.