USDCAD - Bullish trend, correcting
On my chart UCAD is in a bullish trend channel, and is currently at a area where the correction might end.
It confluences with 61.8 fib are and a previous broken LH.
It might not hit the bottom trend line but there is a slight possibility it will.
For now I see price making a double bottom at 1.31869.
If price rejects in that area and goes bullish again it might form a W and at the break of 1.337 were looking at at possible 170 pip rally.
It confluences with 61.8 fib are and a previous broken LH.
It might not hit the bottom trend line but there is a slight possibility it will.
For now I see price making a double bottom at 1.31869.
If price rejects in that area and goes bullish again it might form a W and at the break of 1.337 were looking at at possible 170 pip rally.
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Publications connexes
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.