As we can see, the previous pattern of USDCAD consisted of 3 retests on the trendline before the sellers could breakout. The price fell down to the 1.30300 support level, which didn't break. After the fall, USDCAD rose back up to around the 1.30900 resistance level. Now, we see the exact same pattern and this could be a nice trading opportunity as this could likely be occuring again. Happy trading!
Commentaire:
USDCAD rose to the 1.30900 resistance level. Now waiting for the downfall.