nxtleveltrader

USD/CAD has a decision to make!

FX:USDCAD   U.S. Dollar/Canadian Dollar
32 1 0
The USD/CAD             has come back up to weekly and daily resistance of previous lows. It seems to have broken the daily downwards trendline. So the start of a new up trend could be possible. Notice the 4 hourly consolidation as the market decides what it will do. A breakout of this wedge could be a good trade opportunity in either direction, back to nex levels of support or resistance. Lets keep an eye on it!

Note: Please like this idea if you agree or post a comment if you have any other views or opinions id love to hear them. Thanks!
nxtleveltrader
6 months ago
Looks to be breaking out to the up side, buying this break out could be nice little trade, going to follow it up to at least the daily 200ema.
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