FX:USDCAD   US-Dollar / Kanadischer Dollar
This pair is showing BULLISH trending patterns, however we may be in for a retracement to create a new LH before moving higher

After trading the breakdown of the recent Double Top formation (4H) from recent highs @1.29000, this pair finds itself at a Major Level of support (1.28000) which if broken, could see the pair return to 1.25850. Here the price will be entering the GOLDEN RATIO ZONE where if BULLISH P.A is observed we may be able to enter LONG and catch the C-D LEG to new highs

More aggresive traders can trade the down move into this area but I would wait for clearer indication we are infact ready for the retracement
Kommentar: Slowly working our way to ENTRY
Kommentar: Support found @ 1.27000
Kommentar: Can we finally break out of the TL????
Good chart. Looking at something quite similar but with Fibs from the yearly high instead.
Antworten
@mwooddowney, Great! Im just hoping we reach the entry zone before we rise up
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