FX:USDCAD U.S. Dollar/Canadian Dollar
Very detailed S/R X Fib analysis.
We see uptrends of the Pair in every time horizon.
Now the Pair has reached ist MoB-Level @ 1,28, the strong resistance which was tested 2 times without any success.
All good things come in threes!
Because the ultrashorttrend is outbidded, i exspect a tiny dip to the trends lower edge, before the BIG LONG MOVE will appear.
The starting Signal for the Long run are Prices above ist resist @ 1,28.
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Love your opinion thank you for the post, however I must agree to disagree however valid your reasons maybe I believe a full trend reversal is overdue. We shall let the charts speak :) However I shall take into consideration your analysis as its great to evaluate all possibilities ! thanks again!
Very good overview @justatrader - 1.24 is a great target. Regardless of a direction I believe price will show respect to the majority of fibs levels, espeically the ones that have direct confluence or a S/R level, we shall see how it rides out :)