Eventually, the year-long correction will end, and 
USDCAD will begin a huge impulse toward the downside, with targets in the 1.22 area or below.
The question is: when is this going to happen?
The answer is: no one will know, as no one has a crystal ball for this.
What we do know, however, is that we always need to be ready for this movement, so between the 0.5 and the 0.786 Fib, each and every sell opportunity should be taken, as one could be the beginning of the impulse.
Trade with care and only with a tested strategy.
Please don't forget to like us, if you think our analyses and comments can be of complement to your trading strategies.
Updates on lower timeframes will follow.
USDCAD will begin a huge impulse toward the downside, with targets in the 1.22 area or below. The question is: when is this going to happen?
The answer is: no one will know, as no one has a crystal ball for this.
What we do know, however, is that we always need to be ready for this movement, so between the 0.5 and the 0.786 Fib, each and every sell opportunity should be taken, as one could be the beginning of the impulse.
Trade with care and only with a tested strategy.
Please don't forget to like us, if you think our analyses and comments can be of complement to your trading strategies.
Updates on lower timeframes will follow.
Anmerkung
Watch for a break of the ending wedge. Wait for an impulsive break, then a correction before selling. Trade with care and only with a tested strategy.
Anmerkung
Divergence in play.Anmerkung
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.