appberries
Long

USD/CAD Triangle pattern

FX:USDCAD   U.S. Dollar/Canadian Dollar
There is nice triangle pattern on USD/CAD             .

BUY around 1.0927

TP1 1.1000

then new BUY around 1.0980

TP2 1.1050
Erhan Eker
2 years ago
More then triangle it looks like a double top. If neck is broken 1.0850 levels can be the target though i don't think this will happen and it will consolidate around your point C level
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appberries Erhan Eker
2 years ago
Maybe it will happen a few hours later. But BUY around 1.0927 is the best option. There are bank's BUY limit orders with target 1.1000. They have only LONGs no shorts, so I'm pretty sure, that it will happen. SHORT make no sense.
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Erhan Eker appberries
2 years ago
In general agree bullish view :)
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BulletProof
2 years ago
I would not want to buy at the top of the last up move. I would much rather wait for a buy signal around 1.082000
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