Two Wedges on USD/CAD: Waiting for the FRL Confirmation

We have two descending wedges on USD/CAD across different timeframes:

H1: Clean falling wedge structure since March, price near the lower boundary.
H4: Same wedge structure, aligning with the larger phase.

FRL Entry Confirmation:

Following the Fractal Reversal Law (FRL), we do not enter immediately.

We wait for:

✅ A full candle close above the neckline of the local double bottom,
✅ Where the neckline on H1 aligns precisely with the 100 SMA.

This confirms phase reversal and removes noise, making the entry safe.



🎯 Targets:

1️⃣ 1.36676 – First take profit, retesting the neckline break.
2️⃣ 1.37914 – Mid-term target, wedge mid-level.
3️⃣ 1.38561 – 1.40155 – Full wedge top, long-term objective.

Why This Matters:

✅ Positive US unemployment data supports USD strength.
✅ The wedge is 3+ months wide, adding reliability to the breakout.
✅ Alignment with 100 SMA increases the accuracy of FRL signals.
✅ The trade offers a clear Risk/Reward above 1:2.5.

Trading is capital management under uncertainty.
The red horizontal zone is uncertainty; the neckline is the Rubicon where the market becomes clear. Don’t fear uncertainty. Wait for clarity.