I just noticed that Usd/Cad has broken out of a long term symmetrical triangle. This Triangle is more visable on a weekly chart.
We are moving up now... but I am not sure if this move up will last no longer than about 47 pips or somewhere around the 1.31300 .....
This would be a retest of the broken symmetrical trangle and also a bounce off of a resistance area that u cant see on the chart because I wanted to point out the triangle.
So please watch your long trade around the 1.31300 area below and above....
Also be aware of the BOC rate change decision that is expected to be left unchanged!
My Bias is long for the short term , but bearish for the long term.
We are moving up now... but I am not sure if this move up will last no longer than about 47 pips or somewhere around the 1.31300 .....
This would be a retest of the broken symmetrical trangle and also a bounce off of a resistance area that u cant see on the chart because I wanted to point out the triangle.
So please watch your long trade around the 1.31300 area below and above....
Also be aware of the BOC rate change decision that is expected to be left unchanged!
My Bias is long for the short term , but bearish for the long term.
