USDCAD | descending triangle is going to break

By kenchan0824
  • USD predication is anticipated to be bearish, and CAD has high yield
  • crude oil is anticipated to be bullish
  • the descending trendline was false broken for twice
  • the last time confimed with strong engulfing reversal
  • 50 SMA was false broken last time, this time seems for real
  • descending triangle is reliable bearish pattern
  • risk-reward ratio is decent
Candlestick AnalysispriceactionTrend LinesTriangle

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