Opportunity to sell the CAD
Read the article on FBS website
Recommendation:
BUY 1.301
SL 1.2955
TP1 1.311 TP2 1.315 TP3 1.3315
On the daily chart of USD/CAD, bulls continue implementing the “Wolfe waves” pattern and are going to implement the “Shark” patterns. At first, they need to break above the Pin Bar near 1.301. The Pin Bar creates risks of the bearish counterattack.
On H1, there is the “Wolfe waves” pattern. A break above the 2-3 line near the resistance at 1.301 will become a signal to buy. The upper boundary of the downward channel will become the smallest target for the pair.
