USDCAD: Classic Trend-Following Setup 🇺🇸🇨🇦
https://www.tradingview.com/x/irmwzrlm/
USDCAD is trading in a bullish trend.
After the price reached 1.3575 high, the market started to consolidate,
The market formed an ascending triangle formation.
I will expect a trend-following movement if the price breaks the neckline of the pattern.
4H candle close above 1.3575 will confirm the violation.
A bullish continuation will be expected to 1.363 level then.
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USDCAD is trading in a bullish trend.
After the price reached 1.3575 high, the market started to consolidate,
The market formed an ascending triangle formation.
I will expect a trend-following movement if the price breaks the neckline of the pattern.
4H candle close above 1.3575 will confirm the violation.
A bullish continuation will be expected to 1.363 level then.
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