Potential Falling Wedge Pattern on USDCAD

13 May 2020

USDCAD currently is in consolidation phase with Falling Wedge Pattern potentially already formed. Breakout on resistance trend line (orange line) might be the signal for long opportunity with the pair.

14 May 2020

Not

Here's my next analysis on this setup. It seems like the resistance line was too strong for this momentum to go on.