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Cohiba93
Jun 22, 2017 6:26 AM

Keep an Eye Out for the Pitchfork! (450 pips on USDCAD) Long

U.S. Dollar/Canadian DollarFXCM

Description

Hey all, I've got a simplified graph here with just the bare features required to visualize the fact that the pair has been adhering to this pitchfork quite nicely. I expect it to hit the following three targets sometime within the next few months. This is barring a complete bearish reversal due to the Canadian dollar's recent strength, which may end up causing the pair to fall to the lower channel. That is a key stipulation that one must consider when analyzing the entry.

Comment



As mentioned, the alternative path for the pair appears to be taking a downward turn towards the lower channel
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