USDCAD: Trading Plan

28 Sep 2019

descending triangle formation on usdcad.

the market has stopped setting new higher highs and shown a row of lower highs instead
in confluence with clear rsi divergence.

our bias remains bearish and on focus is the horizontal support of a triangle.
breaking below the support, market will confirm bearish sentiment of its participants
and we can short the pair.

target levels will be 1.32 and 1.315

stop will be above the last lower high within a triangle


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