LD3K

Potential retest of a descending triangle

FX:USDCAD   U.S. Dollar/Canadian Dollar
132 4 1
Second descending triangle forming, with a significant pin bar at the downward slope of the triangle as well as a previous minor S&R level. Potentially heading down to retest base of triangle. If the PA breaks the base there maybe a downside movement to potentially the 1.20000 zone. Otherwise a failure of the descending triangle would see a retest of the 1.27860 zone

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KevinT
2 years ago
Fully agree

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KevinT
2 years ago
The only obstacle is the positive divergence in stochastics
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KevinT
2 years ago
Need to take out the moving average first
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LD3K PRO KevinT
2 years ago
Yes the 4h does look interesting. Will have to see how Monday's PA pans out
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