Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
The
USDCAD
currency pair started moving up again after a correction and touched the EMA 21 area which also coincided with the 0.618 Fibonacci Retracement ratio.
This is also reinforced by the occurrence of a golden cross on the Stochastic indicator.
The ideal price target to be achieved is at the level of 1.27970 with the basic pattern AB=CD, and the ratio of 1.618 Fibonacci Retracement.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
The
USDCAD
currency pair started moving up again after a correction and touched the EMA 21 area which also coincided with the 0.618 Fibonacci Retracement ratio. This is also reinforced by the occurrence of a golden cross on the Stochastic indicator.
The ideal price target to be achieved is at the level of 1.27970 with the basic pattern AB=CD, and the ratio of 1.618 Fibonacci Retracement.