Quick plot to map some interesting zones and levels. There are important econmic reprts coming for both. Lets see if news helps or fights the natural inclination.
Wednesday brings Cad CPI's, and Usd Retail Sales. There could be massive whipsaws around the news. Cad is riding good reports now, might continue today.
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See some of my other Forex calls below. I also plot Crypto and some Stocks, check my Profile Page.
(perfect target, flip short) (perfect entry, huge profits) (in time, to the Pip) (scalp that ran hard) (perfect top, huge profits) (the very tip-top a year ago) (pinpoint Entries/targets) (just in time, quick 70 pips) (Upthrust warning just in time) (recent perfect entries) (perfect short a year ago) (perfect long to short flip) (caught most of the spike) (Perfect entry, still in play) (Prefect entry, almost done) (Fib extensions at work)
Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Broke below support and now making strong progress towards the target
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Fine tuned the possible support zones based on a new fib of the drop
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I have posted an updated Live Chart with fined tuned targets here again just before some Econ Reports, so expecting more whip saw but this wave looks like it wants one more leg down.