USDCAD ascending channel on higher timeframes. Looking for it to continue falling and touch the lower ascending trendline once more. Also reaching a key fib zone. Possible inverted head and shoulders formation also.
Confluences:
1- Possible inverted head and shoulders pattern (Bullish Pattern)
2- Ascending Channel
3- Key Fib zone potentially reached (61.8) LOOK FOR REJECTION OF THIS ZONE
Confluences:
1- Possible inverted head and shoulders pattern (Bullish Pattern)
2- Ascending Channel
3- Key Fib zone potentially reached (61.8) LOOK FOR REJECTION OF THIS ZONE
Comment:
Playing Out as expected will keep an eye on this for entries