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WhiskeyTangoFoxtrot3
9 apr 2019 13:31

USDCAD Symmetrical Triangle is a Continuation Pattern Long

U.S. Dollar/Canadian DollarFXCM

Descrizione

Basic textbook stuff. Symmetrial triangles tend to be continuation patterns. The trend in years prior was dollar strengthening. Although I do not believe the dollar would continue to strengthen from exogenous factors in the event of a major financial crisis or even a downturn, technical theory suggests that this pair should break to the upside of this symmetrical triangle.
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