usdcad diamond breakout soon.

UsdCad has been in a diamond price formation and due for a breakout soon.
Since USD is very bullish recently, I predict a bullish breakout and retest on the diamond structure.. then resume the price channel created in the diamond structure. This is a daily time frame so you will have to use a lover time frame for a buy entry. But it is sitting on a strong support now so there is a very good opportunity.

*I only try to identify chart patterns, it's up to you to make your decisions whether to buy or sell.
Good luck to everyone. Follow me for more patterns early

Commentaire:

Trading is still very much active for buyers. Breakout may occur early next week.
And wait for a retest of the channel with the thicker line. to possibly resume price action in the intra-channel.

Goodluck!