#USDCAD rising wedge pattern breakout

In case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price.

Also we can see in the last bullish move price formed a bearish divergence.

Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move.

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עסקה פעילה:

Expecting price to continue moving in our direction.

עסקה פעילה:

As long as the price fails to create a new high and surpasses 1.36000, this analysis remains valid, and the recent bullish move would be considered a pullback towards a broken rising wedge pattern.