USD/CAD - Triangle Breakout - Weekly Forecast
The USD/CAD pair on the H8 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming Days.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3650.
Target Levels:
1st Support – 1.3465
2nd Support – 1.3364
Stop-Loss: To manage risk, place a stop-loss order above 1.3800. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.3650.
Target Levels:
1st Support – 1.3465
2nd Support – 1.3364
Stop-Loss: To manage risk, place a stop-loss order above 1.3800. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
👉👉 Join My Telegram Channel :
✳️ Forex Signals & Technical Chart : telegram.me/kabhifx
✳️ Crypto Technical Analysis - telegram.me/Kabhi_Crypto
📞📞Telegram me @t.me/kabhidhan
✳️ Forex Signals & Technical Chart : telegram.me/kabhifx
✳️ Crypto Technical Analysis - telegram.me/Kabhi_Crypto
📞📞Telegram me @t.me/kabhidhan
Related publications
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.