One option: first week of December = short!
The Ichimoku cloud is green in Daily, Weekly & Monthly.
That speaks for strength.
This view only applies if the USDCAD remains above 1.3134.
I myself am not fully convinced of this strength, but I also see the possibility that USDCAD will peak in December, but should fall below 1.3134 for December, then rethink and make a new, matching TA.
Note: should this set up be confirmed, then be careful with WTI ... in that case there would be deeper courses on the agenda.
That speaks for strength.
This view only applies if the USDCAD remains above 1.3134.
I myself am not fully convinced of this strength, but I also see the possibility that USDCAD will peak in December, but should fall below 1.3134 for December, then rethink and make a new, matching TA.
Note: should this set up be confirmed, then be careful with WTI ... in that case there would be deeper courses on the agenda.
Comment:
Chart Sep 22
Chart Jun 27
Comment:
Comment:
1. TP & TP2 would be possible.