USDCAD - After Breakout - Don't miss the Up-Movement!
Hi Traders!
The market is - according to the 200MA - in an uptrend.
As you can see the market was moving under the trendline.
At one point, the market had very low volatility.
So, it combined the energy and broke out of the trendline.
Now it is retesting it and is again in a consolidation.
Because of the Breakout and the support of the 200MA, we expect that the market will move further.
We recommend to wait for a retest!
Thanks and successful Trading :)!
The market is - according to the 200MA - in an uptrend.
As you can see the market was moving under the trendline.
At one point, the market had very low volatility.
So, it combined the energy and broke out of the trendline.
Now it is retesting it and is again in a consolidation.
Because of the Breakout and the support of the 200MA, we expect that the market will move further.
We recommend to wait for a retest!
Thanks and successful Trading :)!
Note
You need the Red Box again, but in BIG? Here is it:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.