USDCAD - Bullish Bias with 1.3420 as Target
Price developed a strong impulsive reversal from the 1.2927 low and has since been developing as a corrective structure.
Price has also retested the 50% fib area around 1.3049.
We are expecting price to break out impulsively from here next week with a potential target at the previous high at 1.3420, forming a 3 wave structure to the upside.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Price has also retested the 50% fib area around 1.3049.
We are expecting price to break out impulsively from here next week with a potential target at the previous high at 1.3420, forming a 3 wave structure to the upside.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.