SoxKeepYouWarm

USDCAD triangle to downward trend continuation

Short
FX:USDCAD   Dollar Américain / Dollar Canadien
USDCAD has been in a downward triangle pattern for quite some time. It's made several attempts to breakout but keeps bouncing off fib extension.

If it manages to break that fib line I'm expecting price to drop to old structure low.

This area is lining up with old structure resistance on the daily so this trend might not continue any further than it already has, but I think a double test of structure resistance is bound to be coming.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.