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AshaDi

USDCAD Short_ Double Bottom

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
AshaDi Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis
USDCAD short run will be a simple double bottom, the confirmation line just broke.
The market will retrace to Fibonacci level 50% as first profit target which matches the double bottom target goal.

Comment:
Just broke the neckline
At level 0.236, will retest the neckline for a while before the price reaches the target
Comment:
Going up rapidly now
If you missed the breakout point, catch the retest
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