USDCAD: Bullish Accumulation! 🇺🇸🇨🇦

2021年7月7日

With a strong bearish rally on OIL yesterday,
CAD pairs are nicely reacting.

USDCAD formed a high momentum bullish candle on a daily.
Approaching a daily falling trend line,
the price is currently forming an ascending triangle (classic bullish accumulation pattern).

To catch the next swing move, wait for a bullish breakout of 1.25 horizontal resistance of the triangle (daily candle close above).
Then buy on a retest.

Next supports:
1.2645
1.2735

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2021年7月8日

註釋

Check my new idea on NZDUSD: