#USDCAD rising wedge pattern breakout
تم تحديثه
In case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price.
Also we can see in the last bullish move price formed a bearish divergence.
Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move.
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Also we can see in the last bullish move price formed a bearish divergence.
Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
تم فتح الصفقة
Expecting price to continue moving in our direction.تم فتح الصفقة
As long as the price fails to create a new high and surpasses 1.36000, this analysis remains valid, and the recent bullish move would be considered a pullback towards a broken rising wedge pattern.
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