With a strong bearish rally on OIL yesterday,
CAD pairs are nicely reacting.
USDCAD formed a high momentum bullish candle on a daily.
Approaching a daily falling trend line,
the price is currently forming an ascending triangle (classic bullish accumulation pattern).
To catch the next swing move, wait for a bullish breakout of 1.25 horizontal resistance of the triangle (daily candle close above).
Then buy on a retest.
Next supports:
1.2645
1.2735
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Note
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✅My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Related publications
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.