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mleader1

small drop expected before shooting up

Short
U.S. Dollar / Canadian Dollar (CAPITALCOM:USDCAD)  
mleader1  
CAPITALCOM:USDCAD   U.S. Dollar / Canadian Dollar
Fibonacci Cup And Handle USDCAD usdcadshort
1
0
fibonacci cupandhandle usdcad usdcadshort
USDCAD is finnally going back up after many weeks of downtrend. It does look like a cup forming, suspect it is now also reached a minor resistance. So a possible drop is to be expected. If it does drop to around 1.22 (not saying today), I would consider a shoot up very soon in 2-3 weeks.

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