Mon, 06 Jan 2014 12:02:34 GMT
CAD/HKD 1H Chart: Rising Wedge
While the recent price action of CAD/HKD is presented here as an emergence of the rising wedge pattern, there is a strong argument in favour of the formation of the ascending triangle, being that the slope of the upper boundary is fairly low and may in reality be flat circa 7.3080. Accordingly, it is more reasonable to use the recent