USDCAD channel trendline rejection

6 dic 2020

USDCAD

There was a Doji followed by a bullish candle, yet the power of the candle or rejection was not strong enough in my opinion.
We can speculate a bullish here due to major rejection from the dynamic trendline. Yet, the power of rejection would not be strong enough so the probability is about 50:50 whether the price will follow the pattern or continue to break out to the next resistance.

7 dic 2020

Commento

I didn't take the trade due to my allocation to other currencies. Yet, the price runs smoothly into our prediction area