RCP
Short

USDCAD: Close to Short Level

FX:USDCAD   U.S. Dollar/Canadian Dollar
Hello Traders!
Today on my radar is FX:USDCAD             As we see price is approaching the key resist level which will be the must watch level to go short. Currently price is moving in the wedge pattern and @1.3310 we might see the false breakout in order to test the wedge resistance and then fall down. As the price has tested this level many times, there is a probability of breakout and rally up and make new highs.
But here is the issue: The price is the 11 years high, and according to this 1 month consolidation phase, I assume price has lost the steam and its time to come down and set our targets @1.3204. If you are a swing trader you can adjust the targets according to your edge.
Avto_T
Green Luck
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USDCAD: UPTREND CONTINUATION?
Reply
RCP moorekapital
Nice one! Lets see what the market does.
+1 Reply
snapshot

Maybe another to watch
+1 Reply
RCP ChimbOt
Nice one chimbot!
Reply
dollar breaking up
Reply
RCP ChimbOt
Lets see. If the price breaks and closes above the zone, then it will go even higher.
Reply
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