Possible USDCAD SHORT Setup Out Of Rising Wedge
Hi Traders, USDCAD has rejected the 78.6% FIB at 1.4114, and is currently consolidating in an rising wedge. Wait for a possible break-out and retest of the backside of the wedge to enter into shorts. Stops at 1.4154 and Target at 1.3987 for a nice RR of 1.
If you agree with this setup, please leave a like or comment.
Happy Trading!
If you agree with this setup, please leave a like or comment.
Happy Trading!
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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.