->In this analysis, I decided to analyze the USD / CAD currency pair, the analysis comes from a 15 min chart. As we can see from the graph, a rising wedge formation has formed, I expect to move up. We enter the position when the price breaks the value of R-1 and gives a clear indication of an upward movement. We enter the position on retest the broken price value or with a clear increase. Around 1.32077.
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->If the price breaks the channel, we do not enter the position.
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(Buy)
Entry - When the price breaks R-1 (1.32077)
TP 1 = 1.32300
TP 2 = 1.32530
TP 3 = 1.32790
SL = 1.31852
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->If you have any questions or concerns, feel free to comment in the comments section. If you like my idea you can support it with like.
-This is not financial advice.
Trade safe!