USDCAD FALL IN ASCENDING TRIANGLE
SHORT trade analysis on USDCAD.
Graph is looking bearish from support zone of Ascending Triangle Pattern to lower trendline. Last 3 Higher Highs made Regular Bearish Divergence, which confirms price drop. Bearish Engulfing Candle indicates sell on chart too. Trade idea is also shown on RSI indicator.
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Graph is looking bearish from support zone of Ascending Triangle Pattern to lower trendline. Last 3 Higher Highs made Regular Bearish Divergence, which confirms price drop. Bearish Engulfing Candle indicates sell on chart too. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
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