USDCAD buy at break out of pennant
General trend looks to be bullish, as indicated by the pitchfork drawn at the bottom. At this moment price action is forming a pennant and I'm expecting a break of this pennant to resume the up trend.
If it does, place a buy stop above the high and look for a TP around the 0.5 Fib level.
If it does, place a buy stop above the high and look for a TP around the 0.5 Fib level.
Ordre annulé:
Obviously no breakout here.
