Get started
VasilyTrader

USDCAD: Bullish Accumulation! 🇺🇸🇨🇦

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
VasilyTrader Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Triangle Trend Lines Wave Analysis priceaction CAD canadiandollar swing trader
73
23
triangle trendline waveanalysis priceaction cad canadiandollar swing trader
snapshot

With a strong bearish rally on OIL yesterday,
CAD pairs are nicely reacting.

USDCAD formed a high momentum bullish candle on a daily.
Approaching a daily falling trend line,
the price is currently forming an ascending triangle (classic bullish accumulation pattern).

To catch the next swing move, wait for a bullish breakout of 1.25 horizontal resistance of the triangle (daily candle close above).
Then buy on a retest.

Next supports:
1.2645
1.2735

❤️Please, support this idea with a like and comment!❤️
Comment:
Check my new idea on NZDUSD:
NZDUSD: Structure Analysis & Complete Indecision 🇳🇿🇺🇸
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Related Ideas

VasilyTrader
NZDUSD: Structure Analysis & Complete Indecision 🇳🇿🇺🇸
VasilyTrader
GOLD (XAUUSD): Market Outlook & Potential Scenarios 🥇
VasilyTrader
EURNZD: Great Opportunity to Sell 🇪🇺🇳🇿
VasilyTrader
USDJPY: My Trading Plan to Buy 🇺🇸🇯🇵
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.