USDCAD: Is this TRIPLE BOTTOM reversing the MARKET?

FX:USDCAD   U.S. Dollar / Canadian Dollar
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🟢Forex Pair:

Technical Analysis:
Since December 2020, the price has been consolidating, moving with a side trend between the two S/R levels at about 1.28700 and 1.26700.
During that range of period, the price attempted many times a bearish movement, creating a possible triple bottom pattern.
It is currently moving with a strong bullish impulse, reaching twice the main resistance zone .
The next price action around that zone will be essential to understand the next market movement.

In the daily time frame, since March 2020 the price has been following a strong downtrend, ending with a triple rejections on the support zone at about 1.26200.
I'm confident to see the price starting a new trend and I'll be waiting for the breakout of the main resistance zone before planning my long position on this trade.

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What's your opinion? Share your idea writing a comment!

⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

Trade Safe and Responsibly,

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Potential short pullback 🐻❄️🙏😊😃
+1 Reply
FXtrades-gp PolarHusk
@PolarHusk, yup, let's see! thanks for your support! :)
Great Analysis, your the best keep it up , can you please include all major forex currency pairs (4H)
+1 Reply
FXtrades-gp humbleheart1980
@humbleheart1980 yes absolutely, I’m studying a different plan to share my daily ideas !
+1 Reply
Nice one Gianni!
+1 Reply
FXtrades-gp TheSignalyst
@TheSignalyst, Many thanks Rich! :)
I like it, wonderful.
+1 Reply
@abel11, cheers abel, really appreciate!
such azmazing work bro!!
+1 Reply
FXtrades-gp airforexoneJAVIER
@airforexoneJAVIER, I'm glad to hear that Javier! :)
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