Eventually, the year-long correction will end, and 
USDCAD will begin a huge impulse toward the downside, with targets in the 1.22 area or below.
The question is: when is this going to happen?
The answer is: no one will know, as no one has a crystal ball for this.
What we do know, however, is that we always need to be ready for this movement, so between the 0.5 and the 0.786 Fib, each and every sell opportunity should be taken, as one could be the beginning of the impulse.
Trade with care and only with a tested strategy.
Please don't forget to like us, if you think our analyses and comments can be of complement to your trading strategies.
Updates on lower timeframes will follow.
USDCAD will begin a huge impulse toward the downside, with targets in the 1.22 area or below. The question is: when is this going to happen?
The answer is: no one will know, as no one has a crystal ball for this.
What we do know, however, is that we always need to be ready for this movement, so between the 0.5 and the 0.786 Fib, each and every sell opportunity should be taken, as one could be the beginning of the impulse.
Trade with care and only with a tested strategy.
Please don't forget to like us, if you think our analyses and comments can be of complement to your trading strategies.
Updates on lower timeframes will follow.
Catatan
Watch for a break of the ending wedge. Wait for an impulsive break, then a correction before selling. Trade with care and only with a tested strategy.
Catatan
Divergence in play.Catatan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.