USDCAD LONG OPPORTUNITY FALLING WEDGE - PINBAR BREAKOUT

Hey traders, here is my analysis of the USDCAD on the H1 charts currently.

Price has been forming a falling wedge pattern for the past couple of weeks.

It seems like price is trying to break out of the falling wedge, with a strong pinbar close on high volume.

Let's see if the bulls can take control here!



Daily trade analysis and ideas:

Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
Tiktok: @forexshinobi

ForexShinobi

Comentário:

Strong hour close @ 12pm eastern, lets see if price can continue it's momentum up!!

Comentário:

Close trade before 10am Eastern tomorrow. Bank of Canada interest rate decision is coming out - which I believe will spike price down.

Comentário:

Price exploded up for almost 100 pips currently. I closed before the Bank of Canada interest rate decision - so unfortunately missed the move! But still secured some profit.