nonobeijing
Long

Bearing then Bullish

FX:USDCAD   U.S. Dollar/Canadian Dollar
103 1 0
We got out of a descending triangle in an uptrend. This is a continuation pattern.
A breakout occurred in the north side of the triangle.

Now, we have a small and a larger double top with bearish divergences, which is a good sign of downtrend at least in the short term. We are atm in an resistance area (old resistance).. The price could revert in two areas: 1.2657 or 1.25 maybe depending on how long it takes to hit the triangle resistance line (now support).
So I see a retest of this triangle resistance line (now as a support) and it should rally up 1.30ish.
RayyanAljohani
2 years ago
snapshot
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