USDCAD Fractal Triangle and Trade Opportunity
Pair / Instrument: USDCAD
Time Frame: H1
Description: USDCAD formed a fractal triangle on the H1 Chart. The direction of the breakout of the triangle would determine the shorter term price action.
Long Opportunity: Breakout of the 1.29400. Targets will be 1.29700 and 1.29900. Stop Loss must be placed below 1.29200. ( Price may pullback to 1.29000 and break upside at a lower level )
Short Opportunity: Break below 1.28900. Targets will be 1.28600 and 1.28400.
Update: Long Trade is executed. Target Reached. 50 Pips
You can view the chart and follow the breakout : USDCAD BREAKOUT
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
USDCAD Fractal Triangle: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility