USDCAD: Ascending Channel | Let's Be Ready For This Wave
The price looks that it is testing a strong resistance area.
From here we can see the first price reaction for the bearish movement.
From October 21, the price has been in a clear uptrend and lately the price created a very nice ascending channel.
We need more bearish movement to add chances on our trade here as the price can continue to move inside the channel as well.
Personally I am focused on the bearish scenario but everything can happen.
If the price will move up...I will not enter in this trade (personal decision)
Targets:
1.2650
1.2520
Thank you and Good Luck!
From here we can see the first price reaction for the bearish movement.
From October 21, the price has been in a clear uptrend and lately the price created a very nice ascending channel.
We need more bearish movement to add chances on our trade here as the price can continue to move inside the channel as well.
Personally I am focused on the bearish scenario but everything can happen.
If the price will move up...I will not enter in this trade (personal decision)
Targets:
1.2650
1.2520
Thank you and Good Luck!
Trade closed: target reached:
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www.youtube.com/@TradingPuzzles
✅My FX Broker
bit.ly/49VySJF