USDCAD PRICE HAS BROKEN TO THE DOWNSIDE OF THE TRIANGLE!
Hey traders,
Yesterday I posted analysis on the USDCAD saying that I would be short once the triangle pattern was broken.
News today regarding the Bank of Canada interest rate decision has pushed price down.
I am targeting a S/R area which also represents a potential right shoulder of an Inverse Head and Shoulders Pattern.
Let's see how this trade plays out.
Previous idea here:
Simple technical analysis.
Yesterday I posted analysis on the USDCAD saying that I would be short once the triangle pattern was broken.
News today regarding the Bank of Canada interest rate decision has pushed price down.
I am targeting a S/R area which also represents a potential right shoulder of an Inverse Head and Shoulders Pattern.
Let's see how this trade plays out.
Previous idea here:
Simple technical analysis.
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