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L_F
Apr 24, 2022 1:21 PM

USDCAD- HIGHER PRICES!!  Long

USD/CADOANDA

Description

FX:USDCAD on the longer time frame it looks as though we are heading a lot higher towards 1.3000 - 1.3300 areas.
1.3026 is the 382 from the 2020 high.
This is also the area where the ABCD will finish from October last year.
There is also the bigger ABCD from June last years low.
Once these patterns finish later in the year there could be another big sell off.

Things to watch going forward.

As it stands im looking for a pull back to get long.

Comment



We are in the reversal area we were looking at but we still have one more higher level with the completion of the 3 Drive ABCD.
Comments
JoeChampion
Agreed on Bullish bias due to the upcoming fomc, goodwork!
L_F
@JoeChampion, Yeah agree there. The last couple of days have set us up for some good moves. Thanks for the feedback!! 👍👍
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