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U.S. Dollar / Canadian Dollar
Short
Updated

USDCAD - SHORT - RISING WEDGE

174
Rising Wedge - Pattern within a Pattern + RSI Bearish Divergence

Target based on lower bound of larger pattern (Ascending Channel) and Fibonacci
Note
beautiful drop so far - since FOMC market is retracing - i feel next scale/leg in would be around this mark

snapshot
Trade closed: target reached
zorrays
Also on:
Chart PatternsFibonacci ExtensionFibonacci RetracementForexfxTechnical IndicatorsRelative Strength Index (RSI)Trend AnalysisUSDUSDCADWedge

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.
Chart PatternsFibonacci ExtensionFibonacci RetracementForexfxTechnical IndicatorsRelative Strength Index (RSI)Trend AnalysisUSDUSDCADWedge
zorrays
Also on:

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.