In our last USDCAD analysis, we were looking at the lows from August 2018 for a signs of reversal. We pushed below that to hit the lows from early 2015 and we are finally seeing signs of momentum loss. On the lower time we can look for opportunities to go long. The invalidation point would be the 1.8 level.
With these kinds of patterns, the correction is followed by a similar sized impulse as the initial impulse - which would take us back perfectly to the all time highs!
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