USDCAD → is it going to down?!
Updated
USDCAD → is it going to down?!
hello guys...
as you can see USDcad made double ascending channels inside of each other! and this pair touched the target of the breakout of triangle patterns, so it is the best time for correction, We have not any confirmation so what should we do?!
on the other hand, you know the correlation between usdcad and oil is -95%!
let's check the oil chart:
this one touched the bottom line and if the gray area breaksout you can get a short position in usdcad
two targets I consider for this position just pay attention to end of arrow makers!
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
hello guys...
as you can see USDcad made double ascending channels inside of each other! and this pair touched the target of the breakout of triangle patterns, so it is the best time for correction, We have not any confirmation so what should we do?!
on the other hand, you know the correlation between usdcad and oil is -95%!
let's check the oil chart:
this one touched the bottom line and if the gray area breaksout you can get a short position in usdcad
two targets I consider for this position just pay attention to end of arrow makers!
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Trade closed: target reached
both targets reachedNote
oil target:
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________
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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