Hi traders, here is my analysis for USDCAD and how things likely to unfold. As you can see this is a 4-hour chart, when you look at the chart you can see that there was a formation of a ascending triangle but now the resistance is broken and now there is a breakout which gives possible buying opportunities. I would advise that this currency pair is approached by means of a buy stop order instead of a market execution order. Disclaimer guys this only my opinion from my technical analysis, and the shared content is meant for social interaction between traders. With that said I will not be held accountable for any losses for anyone who may trade from what I have provided. Peace...
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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.