USDCAD is trading in a descending triangle pattern. It is trading in the pattern for a long time, now it is trading at the support level of the descending triangle pattern. We may see upside or bounce back from the support level to the resistance line of the descending triangle pattern. This pattern will be valid for some more time. take long position at support level only and keep stop loss just below support line
Note – Trade With Proper Risk Management System
Thanks
Vivek_Samale
I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.
