USD/CAD goes in the upward channel, inside the triangle

2 min read
Traderassist

Yaroslav Mudryi

Forex broker

Hi traders,

Currency pair USD / CAD, walks in the upward channel, inside the triangle and is possibly preparing for the shot

Personally, I look forward to a downward movement, as there are several reasons for this.

A) The price hit a good resistance level of 1.3340.

B) The price is near the upper border of the ascending channel + near the upper border of the triangle.

I do not recommend selling from current prices, as they can make a false breakdown! If this happens, then after it will be possible to sell.

Why can’t you sell right away? Because the price may go higher to the downtrend line at D1.

Good trading,
Yaroslav Mudryi.

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