FX:USDCAD   U.S. Dollar/Canadian Dollar
263 3 2
After a bearish shark completion, PA came close to 50 fib, enough to TP on 38.2. The potential crab looks a bit too much, but, with some predictions I heard earlier and the PRZ on W stretching insanely way above 1.14, this deep bearish crab doesn't seem to be impossible. Maybe this move upwards is just a test of the previous rally and PA will drop to form a bullish bat around 1.095
mustard
2 years ago
Interesting, as it is on my watch list as showing a possible top forming.

It seems to be struggling to go higher on weekly T/F, just below the 0.500 fib retracement of the last major swing low, with LH's/LL's in the past 5 weeks, MACD showing signs of rolling over too.

Right now I am sidelined but looking at the possibility of a downside move, maybe to the sloping support T/L and a test of the June 2013 high at 1.0608.
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fximperija mustard
2 years ago
Skeptical about that 14's too but as I mentioned, weekly shows a PRZ higher. We'll see. USDCAD very sensitive.
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mustard
2 years ago
I am not at all skeptical about 1.14+ but I think that may not come until after the correction down. This is not a pair I would trade on a regular basis and will probably wait for a bounce off a correction down.
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