In the last 3 trading days we have seen a massive increase in in Canada and Germany. Currently, the price is consolidating in a symmetrical triangle at its reached level in the zone. Looking at the of the price levels, there is a Point of Control Line at .165 CAD, which can be seen as a new support line.
Short time UTL + POC Line + Symmetrical Triangle within the Fibo Retracement Zone result in an interesting constellation that can be seen by the market as a new entry point.
It remains exciting. Stay tuned!
D = Next expected target
In this sense - good luck to all of you!
And please remember. Act according to your own plan. These are ideas to the best of my knowledge and belief. Nevertheless think twice and then act on your own responsibility. The ideas are a purely personal interpretation. They are not guarantees, investment recommendations or an invitation to act on them.
Overall, the trading idea is intact, the target has not shifted either, as we are still in the red retracement zone.