USDCAD Longterm Development - Drop to 1.28 and Rise to 1.367

As far as I am concerned the next development for USDCAD might be a drop to around 1.28 which would then be equal to a retracement of around 50 %. As a consequence we might see an expansion to around 1.367 ( = 161.8 % ) all measured from the first leg upwards.

The copied bars pattern from the first leg would fit just perfectly fine into this measurement.

If I compare that to the previous leg it might take around 74 days to reach the goal.

Commentaire:

Let's wait and see :-)

Commentaire:

Coming down :-)

Commentaire:

Well, looking at my forcast today - I'd say that was pretty, pretty accurate!!! ^^
Not the timeline of course - 74 days, hahaha... -but the outcome!

Fibonacci helps an aweful lot!

Commentaire:

*forecast