TeePeeFX

Can USDCAD break the upper structure?

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
here we have a nice descending and condensing structure. a quick look at the MACD shows us that this sell off looks to be tiring.
We have already seen a break of the larger structure, now we need to see that the smaller patterns bottom holds, and find a break of the upper structure to look for long opportunities. Smaller targets are potential for now and can easily move should this smaller correction continue to form. If we see a new low form, then the larger targets will move down a little in ratio to the new low. Fibs will show us this and i will reapply them should I need to.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out