USDCAD at or near Support. UC due for a bounce?

8 בינו׳ 2019

UC approaching a couple of support zones.
If these zones do not bounce the price, then it will head much lower.
Watching closely.

8 בינו׳ 2019

הערה

Decent bounce out of support zone, but bulls need to break this 1.618 to get more bulls on board

11 בינו׳ 2019

הערה

Above initial support did not hold, neither did the second one. But now we are coming back up to ''previous'' support. Question is whether it will turn into Resistance now

11 בינו׳ 2019

הערה

Nice! previous support Pierced with Vigor

17 בינו׳ 2019

הערה

Here we are, back in the zones

Zooming in, my miscalculation becomes obvious. I expected the 4x band to hold it, but turns out it was the 5x band

Another look with the colored bands for better contrast