{"id":96604,"date":"2016-10-10T07:35:06","date_gmt":"2016-10-10T11:35:06","guid":{"rendered":"http:\/\/countingpips.com\/?p=96604"},"modified":"2016-10-10T07:35:06","modified_gmt":"2016-10-10T11:35:06","slug":"usdcad-triangle-breakout-in-uptrend","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/usdcad-triangle-breakout-in-uptrend\/","title":{"rendered":"USD\/CAD triangle breakout in uptrend"},"content":{"rendered":"<div id=\"inves-2721813595\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 10, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Admiral Markets<\/b><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/2016-10-10_12-55-44.png\"><\/p>\n<p>The USD\/CAD broke through the symmetrical triangle and is heading towards H3 weekly pivot point. In the case the price stays above 1.3220 the pair should reach 1.3360 short term. The problem for bulls might be that the price is showing huge bearish divergence and in the case the price starts dropping, I would be watching for 1.3130-50 POC zone (L4, symmetrical triangle, historical buyers). Daily chart shows strong bullish candle too, so the scenarios are:<\/p>\n<p style=\"margin-left: 20px;\">1.The price stays above H3 &#8211; 1.3220 and proceeds directly to 1.3300 and 1.3360.<\/p>\n<p style=\"margin-left: 20px;\">2.Divergence plays out, price drops below 1.3220<\/p>\n<p style=\"margin-left: 20px;\">3.Possible bounce within POC zone 1.3130-50 towards 1.3360.<\/p>\n<p>If the price breaks below 1.3040 bullish scenario will be negated.<\/p><div id=\"inves-4018376106\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Follow <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TarantulaFX\" target=\"_blank\">@TarantulaFX<\/a> on twitter for latest market updates<\/p>\n<p><b>Article by Admiral Markets<\/b><\/p>\n<p>Source: <a href=\"http:\/\/www.admiralmarkets.com\/analytics\/technical-analysis\/usd-cad-triangle-breakout-in-uptrend\" target=\"_blank\">USD\/CAD triangle breakout in uptrend<\/a><\/p>\n<hr style=\"border: 1px dotted #eee;\"><a href=\"http:\/\/www.admiralmarkets.com\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2016\/03\/AdmiralMarkets-sig-1.png\" align=\"left\" height=\"87\" width=\"141\"><\/a><\/p>\n<p style=\"text-align: justify;\">Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Admiral Markets The USD\/CAD broke through the symmetrical triangle and is heading towards H3 weekly pivot point. In the case the price stays above 1.3220 the pair should reach 1.3360 short term. The problem for bulls might be that the price is showing huge bearish divergence and in the case the price starts dropping, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-96604","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=96604"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96604\/revisions"}],"predecessor-version":[{"id":96605,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96604\/revisions\/96605"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=96604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=96604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=96604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}