USD/CAD - Bullish Pennant - High Probability of Upside Movement

U.S. Dollar / Canadian Dollar (FX:USDCAD)

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

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Spotted a Bullish Pennant on USD/CAD. Price is at a resistance area but the bulls look like they are gaining some momentum by passing previous resistance. I think there will be a high chance of breakout to the upside soon. Risk to reward ratio at a two; adjust take profits along the way. I'm rooting for the bulls on this one folks. Good luck.

Comment:

I made this analysis quick and simple; understand the chart and you'll understand what I see.

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