Analysis of #USDCAD
The USDCAD might continue to the downside as Oil keeps on claiming, it is expected the CAD will gain more strength.
you can see on the chart we have a beautiful bullish harmonic Cypher pattern that might complete the D leg completion near the 1.2600 number, however, if you choose to get in at the first entry you are going to have a big SL.
my preference is to wait for the market to further down to my structure support zone near 1.2500 and watch market action inside the zone to see if we get a confirmation we are moving higher from the zone
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
The USDCAD might continue to the downside as Oil keeps on claiming, it is expected the CAD will gain more strength.
you can see on the chart we have a beautiful bullish harmonic Cypher pattern that might complete the D leg completion near the 1.2600 number, however, if you choose to get in at the first entry you are going to have a big SL.
my preference is to wait for the market to further down to my structure support zone near 1.2500 and watch market action inside the zone to see if we get a confirmation we are moving higher from the zone
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
