Hi Guys,
Another pennant formation showing on the USDCAD, long term price shows a downtrend (4H TF) and price is trading in a channel. If you don't know what is a pennant pattern, please check it out on the web. Lets see if the next FED meeting will push this pair higher and break out.
A good idea will be to buy at the break out +20 pips entry. This will show more bulls are in play.
SL about 50pips target will be about 100-200pips. or 1.35 area.
Please like and comment any ideas you have. Appreicate your support!
Another pennant formation showing on the USDCAD, long term price shows a downtrend (4H TF) and price is trading in a channel. If you don't know what is a pennant pattern, please check it out on the web. Lets see if the next FED meeting will push this pair higher and break out.
A good idea will be to buy at the break out +20 pips entry. This will show more bulls are in play.
SL about 50pips target will be about 100-200pips. or 1.35 area.
Please like and comment any ideas you have. Appreicate your support!
