watersthetrader

USDCAD Potential Finish of Sell Model - targeting 1.2000 level

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
I'm looking at the Dollar Canadian Pair & I couldn't help but spot this Sell Model. I think in the next month or two we are going to complete this structure & ultimately reach for the 1.2000 level.

Earlier this year in June the Dollar CAD made a significant swing low after purging a Intermediate swing however the purging isn't complete in my opinion. If you understand turtle soups then will notice how incomplete the turtle which occurred in june.

I believe price will want to revisit that level again and create a lower low.

My 2 cents.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.