On the daily tf, just about an hour before the US Session. We have caddy showing us a potential Long leg to the upside that we can expect to reach over the next few weeks.
Reason behind this is that market structure wise the pair is up trending, over the last week we made a strong bearish leg however it was not strong enough to break structure on the previous lows at 1.2300. From this if we manage to sustain 1.25 thus forming a higher swing low we can expect cad to launch all the way to 1.3100.
Reason behind this is that market structure wise the pair is up trending, over the last week we made a strong bearish leg however it was not strong enough to break structure on the previous lows at 1.2300. From this if we manage to sustain 1.25 thus forming a higher swing low we can expect cad to launch all the way to 1.3100.
Comment:
If this plays out correctly 1.31453 is my next snipe