USD/CAD (dollar/loonie) - - Long Term Forecast - BUY & SELL
USD/CAD-Dollar/Loonie – Break-Out – Intermediate (C)
Now it looks like another Wave could be preparing, therefore, I am signalling the alarm once more because we could be in for another dip.
Intermediate (Y) (red) is expected to complete along with Minot C (red).
Minor B (red) Technicals:
61.8% Fibonacci Retracements of Minor A (red)
100% Fibonacci Extensions of Minutes w&x (purple)
150-161.8% Fibonacci Extensions of Minuettes (a)&(b) (orange)
Decreasing volumes pointing towards an upcoming Divergence
As you can see, the Fibs are aligning for a possible outcome.
USD/CAD - SELL Positions:
Moderate Entry @ 1.3100 with SL @ 1.3400
Conservative Entry @ 1.3330 with SL @ 1.3600
Targets @ 1.2800 / 1.2500 / 1.2200 / 1.1900 / 1.1600
Many pips ahead!
USDCAD ready to correct. Will return with the SELL later on.