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How to Measure a Move: USDCAD

jeffriess
มิถุนายน 2, 2020
by Joseph Jeffriess, Market Analyst

Hi traders, today we’re looking at a measured move in the video below.

The USDCAD formed a descending triangle and broke out of that pattern last week. Yesterday sellers continued to confirm the breakout with a 1.46% move lower.

Measured moves are used to gauge an idea of where a breakout could end up, it’s not a hard target but more of an estimation. We run over how to measure a move in our latest video below using the pattern from the USDCAD.

USDCAD Measured Move Breakdown.

 

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