Hi fellows, I am anticipating breakdown of that channel with strong impulse. In case price forms new high i will not be interested to buy for upside as this pair is already at top since last couple of months. Any strong breakdown will give indication that USDCAD is going to reverse to the bottom of Ascending channel.
Note
USDCAD is testing the top again. Watch it for top. Strong divergence is there on 15 Minute and 1 Hrs time frame. If you dont want to sell from top then watch for impulse on lower time frame like 15 minute if strong impulse appears then sell on the rally. Good Luck fellows.Note
Nice price action coming on USDCAD at the top on lower time frame. Watch for breakout of ascending channel.For Training visit.
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For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.