Just a little idea, 3rd bounced on uptrend (takeout area), price has pumped, consolidated, pumped and consolidated again. A nice bullish candlestick now on the 4 hour could be a good sign for a buy. Expect next pump to be as long as previous one. If price hits stop idea invalid therefore possible to make a great risk:reward!
price breakthrough 1240, retest and heading for weekly fib 127% level at 1256, SL placed at 1237. 18 MA now forcing price up for a break of the descending 4hr trendline up to TP
Price has broken through the strong key level of 1.2700, pulled back and retested. The 18 EMA acting as a resistance and pushing price down now as price has just retraced to it, could possibly expect a spike up to maybe push up/through the 1.2700 level before price heads down. Price heading for previous low. stop top placed 15 pips above 1.2700 which is also above...
USDCAD has been following a steady uptrend, following fib retracement's lately. It has just hit a monthly level 1.3400 and reversed, so price will be looking to smash through and hit fib extension levels or reverse off of the monthly key level.
