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

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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