Hi all,
The USDCAD broke the red trendline earlier this week.
I expect a retracement to this trendline, and then a drop from there. Most likely downwards to the blue trendline, which should be a pretty solid entry.
I have marked the price reversal zone, which has the 61.8 fib, previous resistance and trendline.
Best of luck!
Regards
The USDCAD broke the red trendline earlier this week.
I expect a retracement to this trendline, and then a drop from there. Most likely downwards to the blue trendline, which should be a pretty solid entry.
I have marked the price reversal zone, which has the 61.8 fib, previous resistance and trendline.
Best of luck!
Regards
