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Triangle formation on USDCAD
U.S. Dollar / Canadian Dollar
Short
Triangle formation on USDCAD
By ForexTrendline
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May 31, 2021
9
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2
2
May 31, 2021
We have a confirmed and strong downside move on USDCAD.
Market tried breaking above on multiple times, but it then pulls back very quickly.
The way price closed just now indicates for a breakout, which most likely will be in the main direction.
If we get a close below previous low or a breakout of the triangle, we could expect to see market down at 1,1955!
At this level we have a yearly support. Be careful if you will be looking for lower values.
CAD
Chart Patterns
forexsignals
signals
Trend Analysis
Triangle
trianglebreak
USDCAD
ForexTrendline
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