the pair completed an X swing near 1.3320 level, i believe this pair might extend lower in the coming sessions to target 1.29/1.28 in the near term to complete the complex corrective cycle.
this scenario might push oil higher to perform a 3 waves pullback.
good luck
First of all this pairs is on a DOWN Trend but what makes it more valid to me is the fake break out that happened last Friday.
That fake break is telling us that JPY is much stronger than CAD right now.
Second we saw oil making new lows last week which will continue to do so at least 2-3 more weeks.This will influence CAD prices to make new lows
Third JPY...
Euro is Bullish across the board. I will look to buy Euro at 1.5680 with stop losses at 1.5580 and take profits at 1.6080
That will happen only when there is a breach and cross above the 38.2% Fibonacci retracement level based on Q1 2018 high lows.
