USDCAD - Technical Aspect:
- Pattern: Rising Wedge
- Fib Retracement: At 0.23 - Measured could reach the next Fib Retracement area of 100.
- Support: 1.26805, 1.26690, 1.26360
- Resistance: 1.27145, 1.27315, 1.27600, 1.27910
(The target areas I will be approaching as time goes by - high lighted in Blue)
The approach you could take towards this trade idea:
...
After we broke the triangle support line. we stayed at a strong support level. Now I am waiting for accumulation before breaking resistance lines.
This pattern is very similar to what bitcoin did, so I will act according to this plan
Best regards EXCAVO
