USDCAD Is Following Broadening Formation Pattern where Market is right now is on Resistance Level plus yesterday candle showing bearish pin bar we have very Good Rejection and very Good Risk to Reward ratio.
What is a Broadening Formation. A broadening formation occurs during high volatility when a security shows greater movement with little direction. It can be identified by a series of higher pivot highs and lower pivot lows.
Note: This is only for Educational Purpose this is not Investment advice.
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