USDCAD: Price continues to consolidate in tight range
Following up from last week analysis, price did continue to consolidate the entire last week. However, we do have a valid double top divergence setup last week. This gives us a stronger sentiment that there is a high potential that price may break below this triangle pattern.
Should price manage to break below the 1.2380 level, we can potentially see price reaching the 1.2045 region.
I would love to hear your opinion, feel free to comment, agree or disagree.
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Should price manage to break below the 1.2380 level, we can potentially see price reaching the 1.2045 region.
I would love to hear your opinion, feel free to comment, agree or disagree.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!
Have a great pipping day!
www.fxpipsology.com/
www.facebook.com/fxpipsology
Cheers,
KY
