CapMoore
Long

Clean Break Of The Major Wedge Pattern

FX:USDCAD   U.S. Dollar / Canadian Dollar
106 1 1
Price made a clean break of the wedge today, as well as breaching the Mobthly R2
without hesitation. Price is thus closing in on the Yearly R4 !!
How often do one see that?. Yearly R4 at 1,3783. May 2004 reaction high (spike) is at 1,40.
One scenario would be a bounce off the Yearly R4 and retest the broken wedge .
But it may as well just march higher to 1,40 and beyond.
Currently, there is alot of energy built up through a prolonged
sideways action, also shown by the low ATR reading at the bottom of the chart.
yes you wright. every one in the house was playing on the bearish side on this pair most of the top traders was also hoping pullback in wedge but there is a clear break and nothing is there in the way of bulls until $1.40 i joined this trend from 1.28500 and now i am very clear to get 1200 pips in my pocket i think price will consolidate at 1.40 and will form abcd pattern
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out