A look at as potential bearish structure trade on the USDCAD using previous structure resistance & multiple AB=CD patterns to build our case for entry.
If you have any questions or comments about the idea, or if you just want to share your own views, please leave it in the comment section below.
Akil
EURUSD triangle structure seems to suggest that we have a little more upside correction left before turning lower.
The test could take place near 1.13, the 78.6% Fibonacci and also a price/trendline intersection. Both MACD and the RSI support short-term bulls!
If successful, the chances of reaching a fresh multiyear low would increase.
Trade safe
Stavros...