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U.S. Dollar / Canadian Dollar
Updated
May 15, 2023
USDCAD on a symmetrical triangle 🦐
1
9
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24
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May 9, 2023
USDCAD on the daily chart is trading between the 1.33 and the 1.39 level.
The market is moving between 2 narrowing trendline in an accumulation phase.
This can be seen as a symmetrical triangle which is also know to the be a continuation pattern.
According to Plancton's strategy IF the price will break the upper trendline we can look for a nice long order according to the CPS strategy rules
May 9, 2023
Note
testing the lower trendline
May 10, 2023
Note
waiting for an higher move
May 11, 2023
Note
looking for a 1st break of the structure
May 12, 2023
Note
break above the 1st resistance
May 15, 2023
Note
moving higher as expected
InkyGrip
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Trend Analysis
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