Hello traders and fellow Wojaks! This is a long term forecast on USD/CAD. This is NOT a Day Trade setup.
- The Weekly EMA Ribbon is bullish (blue as opposed to grey)
- USD/CAD has been forming higher lows on the weekly timeframe. Pairing this with a dragonfly doji bouncing off the EMA Ribbon serving as support.
- Using Fib Circles, the parabolic move in USD/CAD should come about in May 2022.
- My first target is at 1.36515.
- If USD/CAD does go parabolic to the upside over the next few months/years --> DXY will be 100+ --> ☠️ Stocks and Crypto ☠️
I am not labelling this post as a long or short because this is a forecast and not a trade setup. Trade safe. Stay safe.
- The Weekly EMA Ribbon is bullish (blue as opposed to grey)
- USD/CAD has been forming higher lows on the weekly timeframe. Pairing this with a dragonfly doji bouncing off the EMA Ribbon serving as support.
- Using Fib Circles, the parabolic move in USD/CAD should come about in May 2022.
- My first target is at 1.36515.
- If USD/CAD does go parabolic to the upside over the next few months/years --> DXY will be 100+ --> ☠️ Stocks and Crypto ☠️
I am not labelling this post as a long or short because this is a forecast and not a trade setup. Trade safe. Stay safe.
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