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yoosnoop
Nov 28, 2015 7:36 PM

usdcad - MY LONG TERM CONJECTURE Long

U.S. Dollar/Canadian DollarFXCM

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JUST SAYING...
ON THE VERGE OF A POSSIBLE BREAKOUT TO THE UPSIDE ON THE DAILY.
I BELIEVE THE 1.34-1.39 AREA IS GOING TO BE RANGE BOUND FOR A WHILE IF WE BREAK INTO THAT TERRITORY.
HAS BEEN A RANGE-BOUND AREA IN THE PAST (SEE RED CIRCLE).
THE RECTANGLE WE'VE BEEN IN ON OVER THE LAST COUPLE OF MONTHS (SEE DAILY CHART) IS EQUAL TO THE PROJECTED HEIGHT OF 1.34-1.39 .
POTENTIALLY GET TO 1.53000 TO COMPLETE BUTTERFLY PATTERN WITHIN THE NEXT YEAR OR SO.
BUT HEY, WHAT DO I KNOW... I COULD BE COMPLETELY WRONG
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