USDCAD: Wedge Breakout & Bearish Continuation Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jul 8, 2020 7:52 AM

USDCAD broke below a rising wedge pattern on 1H after it reached a strong 4H structure resistance.

the price has formed a triple top formation on that level and broke minor structure support as well.

now we can expect a bearish movement to lower levels:
1.3567
1.3529

Comments

Yuriy_Bishko

⋅ Jul 9, 2020 10:13 AM

We have similar views

iamjeremy

⋅ Jul 9, 2020 10:07 AM

It went as you said sir
I'm still a newbie, open to learning new things

jojofang0901

⋅ Jul 8, 2020 10:02 PM

excellent setup and analysis, thanks for sharing. I am seeing the same outlook and further bearish if we see a continuation correction.

KOKO_1988

⋅ Jul 8, 2020 6:42 PM

Will it go at 33-34 any time soon

VasilyTrader

⋅ Jul 8, 2020 9:17 PM

@KOKO_1988, Who knows my friend ...

Siegemp555

⋅ Jul 8, 2020 5:26 PM

An amazing trade. Thank you!!

VasilyTrader

⋅ Jul 8, 2020 7:42 PM

@Siegemp555, you are welcome 🙏

pring2751

⋅ Jul 8, 2020 4:05 PM

!!!!!!!!!!! Great

VasilyTrader

⋅ Jul 8, 2020 7:42 PM

@pring2751, thanks)

UnknownUnicorn4762443

⋅ Jul 8, 2020 2:51 PM

you are a genius in trading.
your ideas ware so better than my Idea.
thank you for sharing.