USDCAD At The Top of Wedge Pattern
This pair gave us 2 weeks worth of indecision candles at the top of this wedge pattern signalling that sellers have entered and buyers are losing strength.
Current trend has produced 3 lower highs and 2 lower lows. Next we should be expecting a 3rd lower low.
100 SMA has just crossed over the 200 SMA to the downside adding confirmation of long-term trend change.
Currently just below the 618 retracement off the last down leg.
Current trend has produced 3 lower highs and 2 lower lows. Next we should be expecting a 3rd lower low.
100 SMA has just crossed over the 200 SMA to the downside adding confirmation of long-term trend change.
Currently just below the 618 retracement off the last down leg.
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