FOLLOW UP TO MY PREVIOUS USDCAD TRIANGLE PATTERN.
H4 PRICE REACHING 200SMA SUPPORT LINE.
PAY CAREFUL ATTENTION TO PRICE ACTION IN THE BOX.
I WILL WAIT FOR PRICE TO GO UNDER THE 200SMA AND THE BOX.
ENTER SELL UPON FAVOURABLE RETEST OF THE BOX.
I HAVE A BEARISH OUTLOOK AS W1 IS OVEREXTENDED.
NOTE: KEEP A LOOKOUT FOR RSI DIVERGENCE ON THE H4 AND D1.
BUYERS CAN OF COURSE USE THIS 200SMA AS A STRONG SUPPORT TO ENTER BUY.
BUT IM WITH THE BEARS...
BUT TAKE NOTE OF THE OBVIOUS DESCENDING TRIANGLE.
H4 PRICE REACHING 200SMA SUPPORT LINE.
PAY CAREFUL ATTENTION TO PRICE ACTION IN THE BOX.
I WILL WAIT FOR PRICE TO GO UNDER THE 200SMA AND THE BOX.
ENTER SELL UPON FAVOURABLE RETEST OF THE BOX.
I HAVE A BEARISH OUTLOOK AS W1 IS OVEREXTENDED.
NOTE: KEEP A LOOKOUT FOR RSI DIVERGENCE ON THE H4 AND D1.
BUYERS CAN OF COURSE USE THIS 200SMA AS A STRONG SUPPORT TO ENTER BUY.
BUT IM WITH THE BEARS...
BUT TAKE NOTE OF THE OBVIOUS DESCENDING TRIANGLE.
