1 - Bear Trend since Oct 2023 ✅ 2- Fibo retracement to 61,8 ✅ 3- Last 4 days price has closed under 200 EMA in the Daily ✅ 4- ABC pattern completed , waiting for last stretch C-D
Technically looks correct, but looking at the current fundamental approach, USD is strong due to hot CPI and CAD is weak due to dovish BoC. Fundamentals are saying the opposite. But that remains a theory let’s see where it goes
Memo_Mountain
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Hello @JoeChampion, thanks for your insights. I appreciate it. It helps me learn and it adds to my analysis. Keep in touch