Wednesday, July 8, 2015
USDCAD Bullish Triangle
Keep it simple everyone. There's a nice clear triangle finishing in the USDCAD. Since triangles are consolidations before a continuation of the previous trend, we know this triangle will result in a sharp move up soon. To make sure it's not a B wave that will thrust lower, I'm looking to get long at 1.2765 with a stop at 1.2740 and taking profit at 1.2790.