1. The DXY is quite weak and it seems that it is going to keep going down to 102.6
2. USDCAD in the long term - reached a significant resistance level.
3. In the daily range - broke the rising channel (while building a downtrend).
If I'm seeing correctly (and I'd love for you to correct me...) head and shoulders + red engulfing candle on Friday + breakout from the channel + red engulfing candle on the weekly (10/30) - they all gave the same target: 1.34
I'm careful, and sma200 is waiting to support, that's why I didn't go to the end of the destination
2. USDCAD in the long term - reached a significant resistance level.
3. In the daily range - broke the rising channel (while building a downtrend).
If I'm seeing correctly (and I'd love for you to correct me...) head and shoulders + red engulfing candle on Friday + breakout from the channel + red engulfing candle on the weekly (10/30) - they all gave the same target: 1.34
I'm careful, and sma200 is waiting to support, that's why I didn't go to the end of the destination
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I suppose it will go down..
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