USDCAD, LONG
Is it a Crab Pattern, or contracting wedge. The answer is I can not tell now? but in both cases I think the price will be reflected from the lower edge of the wedge. It is more important to watch the price around the crossing point of the upper edge (point e). I personally believe it will cross the upper edge and complete the Crab Pattern.
Let us see what is hidden in the coming days.
Let us see what is hidden in the coming days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.