USDCAD: Close to Short Level

FX:USDCAD   美元/加元
Hello Traders!
Today on my radar is FX:USDCAD As we see price is approaching the key resist level which will be the must watch level to go short. Currently price is moving in the wedge pattern and @1.3310 we might see the false breakout in order to test the wedge resistance and then fall down. As the price has tested this level many times, there is a probability of breakout and rally up and make new highs.
But here is the issue: The price is the 11 years high, and according to this 1 month consolidation phase, I assume price has lost the steam and its time to come down and set our targets @1.3204. If you are a swing trader you can adjust the targets according to your edge.
Green Luck
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RCP moorekapital
Nice one! Lets see what the market does.
+1 回复

Maybe another to watch
+1 回复
RCP ChimbOt
Nice one chimbot!
dollar breaking up
RCP ChimbOt
Lets see. If the price breaks and closes above the zone, then it will go even higher.
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