FX:USDCAD   U.S. Dollar/Canadian Dollar
125 4 9
USD CAD is definitely in a down trend - however there was a nice pullback wave up as a correction of the daily down trend.. It looks like a nice flag for a bit more upside on this one before we look to continue the down trend. May get this one Friday or early next week - Happy trading!
docholliday PRO
6 months ago
going well!
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nahidik PRO
6 months ago
Doc I have to agree with the plan. I expect a retracement to the .38 at least. I do have a bit of a concern in the very near future as in my chart.
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nahidik PRO
6 months ago
USDCAD in a correction but for how long?
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docholliday PRO nahidik
6 months ago
we are on the same page here.. I am at BE .. as your blue arrow suggests. this may be a "b" wave up in the correction and we come back down. The current move up so far has a 'look' of maybe being impulsive so will hold at BE.. if it comes back and takes me out will then re-evaluate for either downside or your noted second option (yellow arrow up) -- thanks for the comments!
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