USDCAD long term target 1.3050 reached, what's next?
The long term target at 1.3050 has been reached last week. This was a clear target based on structure and market dynamic.
However I expected a 3 wave correction towards this level but we only saw 1 wave indicating more USDCAD weakness to follow. However I believe that we need a bullish retrace first and I'll therefore be focusing on the reversal.
If price is not able to break below the low of last friday but shows a reversal instead I'll buy USDCAD towards 1.32 and maybe even 1.34.
timstuyts.com
facebook.com/timstuyts/
However I expected a 3 wave correction towards this level but we only saw 1 wave indicating more USDCAD weakness to follow. However I believe that we need a bullish retrace first and I'll therefore be focusing on the reversal.
If price is not able to break below the low of last friday but shows a reversal instead I'll buy USDCAD towards 1.32 and maybe even 1.34.
timstuyts.com
facebook.com/timstuyts/
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.