Hello Traders
USD/CAD is possibly moving up.
Here is why:
1- Price is moving inside of falling wedge(Reversal pattern).
2- We can see RD+ in RSI indicator, showing us a possible trend reversal.
3- Strong support zone in 1.27900 -1.27500.
Invalidation: IF price breaks and stays below 1.275.
If you like it then Support us by Like, follow and share.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and does not include financial recommendation. Trading is Risky, so before any action do your own research.)
USD/CAD is possibly moving up.
Here is why:
1- Price is moving inside of falling wedge(Reversal pattern).
2- We can see RD+ in RSI indicator, showing us a possible trend reversal.
3- Strong support zone in 1.27900 -1.27500.
Invalidation: IF price breaks and stays below 1.275.
If you like it then Support us by Like, follow and share.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and does not include financial recommendation. Trading is Risky, so before any action do your own research.)