Breakout of Symmetrical triangle leading to development of a bullish triangle and ultimately to hit August 1998 highs around the end of 2015 or into 2016.
Comment:
2 and half months later, still doing its thing. Curious to see if the current uptrend of USDCAD bounces off the multi-year resistance or breaks through here in the pattern.
Trade active:
Pattern still on Target after 3 and a 1/2 Months. 🧐
Will it punch through the upper line? 👊
Will it punch through the upper line? 👊
Trade active:
A "W" continuation pattern is forming on the monthly targeting 2016 and 2020 highs of 1.46.
Trade active:
🎆5 MONTHS and pattern STILL on track! 🧐
JUNE 5: Bank of Canada to cut rates? Pattern is running out of runway.
JUNE 5: Bank of Canada to cut rates? Pattern is running out of runway.
Trade active:
December 26-28: pattern failed to breakdown.
April 16-17: failed to Breakout
June 11: again failed to Breakout
Will likely pull back to 1.365s before bouncing off support line that has developed throughout 2024.
Canada economic fundamentals horrible.
April 16-17: failed to Breakout
June 11: again failed to Breakout
Will likely pull back to 1.365s before bouncing off support line that has developed throughout 2024.
Canada economic fundamentals horrible.