USD CAD predictions

FX:USDCAD   美元/加元
25 0 0
General possibilities and future outcomes.

Using only Support + resistance, with trend lines .

Support + resistance colour : Blue

Trend lines colour : Yellow

Predictions for price action

If you are to follow the red arrows i believe a clean break
of the first trend line B and also the support + resistance
line at 1.29499 will call for alot more Bearish action to come
taking price right back down again.


By following the light blue arrows i would suggest a quick short
then back to the current price for more support + resistance which
is at 1.30466 and from then on who knows....


Finally, the green arrows. If price is to continue rising by breaking
support +resistance line D to 1.31105 i believe we would be expecting
a large amount of buying pressure going into mid September and price
would rocket.


Please comment with your predictions or any other comments you may

I personally will be going short expecting to take profit around the
1.28000 mark HOPEFULLY,

Would just like to say i am completely new to fx and i would appreciate
any suggestions + help.


Happy trading!

Jonny P
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