ForexDreams
Long

USDCAD IN THE MIDSTS OF A REVERSAL PATTERN?

FX:USDCAD   U.S. Dollar/Canadian Dollar
49 5 0
It could work out like this, either way price seems like it could hit the orange central balance line.

UPDATE: TP Hit for +25 Pips
Olu
2 years ago
I agree with the main thrust of your idea. I think that from close to where we are price will fall to below 1.1180 and then rally strongly upwards
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ForexDreams
2 years ago
UPDATE: TP Hit for +25 Pips
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Olu ForexDreams
2 years ago
Well done on that trade. My trade Idea was wrong. The upmove went further than I thought
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ForexDreams Olu
2 years ago
Thanks bud. Lets see what this looks like tomorrow. I have a feeling the reversal pattern will still form, but just be a bit taller then I expected.
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Olu ForexDreams
2 years ago
I have the 1h chart open now and some retracement is setting in...
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