So here is USDCAD which has broken the previous major S/R level. Level "B" is supported by multiple fib levels, so considering this and the major white line (also fib level) a 120-130 pip correction up towards it wouldn't be a surprise. HOWEVER the white line is also kinda rejected in the 1 hour and lower timeframes so the price may as well drop from here without a correction. All of this would obviously be over the next week or so.
Tell me what you think in the comments.
Thanks a bunch and happy trading!
Tell me what you think in the comments.
Thanks a bunch and happy trading!