Mid-term bearish trend broken by Wolfe Waves Pattern.
USDCAD is developing strong bullish conditions.
Not only that this Wolfe Waves (WW) pattern if fueling this upward move, but also
* the round low which keep the price over the channel median --> //!\\ The channel is buggy displayed; see the right one here:
* the last 3 days hammer where buyers were present.
* a possible inverted complexe head and shoulders [1] forming the last 4 months
* strong appreciation of DXY - USDOLLAR indexes.
Are all good reasons to take it as a safe bet to long this pair with potentially +5% and a good probability that the rise will become even more steep or exponential.
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[1] Complexe head and shoulders: thepatternsite.com/chsb.html
Not only that this Wolfe Waves (WW) pattern if fueling this upward move, but also
* the round low which keep the price over the channel median --> //!\\ The channel is buggy displayed; see the right one here:
* the last 3 days hammer where buyers were present.
* a possible inverted complexe head and shoulders [1] forming the last 4 months
* strong appreciation of DXY - USDOLLAR indexes.
Are all good reasons to take it as a safe bet to long this pair with potentially +5% and a good probability that the rise will become even more steep or exponential.
---
[1] Complexe head and shoulders: thepatternsite.com/chsb.html
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