USDCAD channel trendline rejection

Diupdate

There was a Doji followed by a bullish candle, yet the power of the candle or rejection was not strong enough in my opinion.
We can speculate a bullish here due to major rejection from the dynamic trendline. Yet, the power of rejection would not be strong enough so the probability is about 50:50 whether the price will follow the pattern or continue to break out to the next resistance.

Komentar

I didn't take the trade due to my allocation to other currencies. Yet, the price runs smoothly into our prediction area

agasmhndr

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