USDCAD - New Swing Low - Breakout

Hi Traders!
As you can see the market made lower lows and lower highs.
That means that the market is in a downtrend.

At first the market made a strong Up-Movement.
It reached the Resistance at 1.46600.

After that it started to retrace.
In addition the market made a "triangle" pattern.

So, after the market broke out of this triangle downward it retested this "new" Resistance.
Furthermore, a trendline which is giving support to the market arised.

We recommend to sell the breakout with high momentum.


Thanks and good luck :)!

Commentaire:

The tiny red box now again, but in BIG:

Transaction en cours:

Hey Followers!

This trade started as expected.
Nice momentum and red filled candles.

Have a nice day :)