USD/CAD - falling wedge near daily low
Hi all,
Here we have a falling wedge pattern on the 4hr time frame, which is coming into a key area on the daily time frame, With a bit of a good support from the daily time frame this could hold as a support and we could start a reverse trend.
I will be waiting for price to come to the "buy area" and be waiting on a entry signal to minimise my SL/TP.
could be worth setting alerts to get notified of price when/if it comes down
** This is not financial advice - this is for education purposes only, also all feedback is welcomed **
Good luck and trade safe
L
Here we have a falling wedge pattern on the 4hr time frame, which is coming into a key area on the daily time frame, With a bit of a good support from the daily time frame this could hold as a support and we could start a reverse trend.
I will be waiting for price to come to the "buy area" and be waiting on a entry signal to minimise my SL/TP.
could be worth setting alerts to get notified of price when/if it comes down
** This is not financial advice - this is for education purposes only, also all feedback is welcomed **
Good luck and trade safe
L
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.