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Kendrick_Chan

USDCAD | descending triangle is going to break

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美元/加元 (FX:USDCAD)  
Kendrick_Chan  
FX:USDCAD   美元/加元
Triangle Trend Lines Candlestick Analysis priceaction
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triangle trendline candlestick priceaction
  • USD predication is anticipated to be bearish, and CAD has high yield
  • crude oil is anticipated to be bullish
  • the descending trendline was false broken for twice
  • the last time confimed with strong engulfing reversal
  • 50 SMA was false broken last time, this time seems for real
  • descending triangle is reliable bearish pattern
  • risk-reward ratio is decent
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