USD/CAD - falling wedge near daily low
Hi all,
Here we have a falling wedge pattern on the 4hr time frame, which is coming into a key area on the daily time frame, With a bit of a good support from the daily time frame this could hold as a support and we could start a reverse trend.
I will be waiting for price to come to the "buy area" and be waiting on a entry signal to minimise my SL/TP.
could be worth setting alerts to get notified of price when/if it comes down
** This is not financial advice - this is for education purposes only, also all feedback is welcomed **
Good luck and trade safe
L
Here we have a falling wedge pattern on the 4hr time frame, which is coming into a key area on the daily time frame, With a bit of a good support from the daily time frame this could hold as a support and we could start a reverse trend.
I will be waiting for price to come to the "buy area" and be waiting on a entry signal to minimise my SL/TP.
could be worth setting alerts to get notified of price when/if it comes down
** This is not financial advice - this is for education purposes only, also all feedback is welcomed **
Good luck and trade safe
L
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