#USDCAD rising wedge pattern breakout
In case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price.
Also we can see in the last bullish move price formed a bearish divergence.
Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move.
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Also we can see in the last bullish move price formed a bearish divergence.
Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Giao dịch đang hoạt động:
Expecting price to continue moving in our direction.
Giao dịch đang hoạt động:
As long as the price fails to create a new high and surpasses 1.36000, this analysis remains valid, and the recent bullish move would be considered a pullback towards a broken rising wedge pattern.
