USDCAD WEEKLY ANALYSIS
This is a Huge Wedge since 2014.
Today the price already touched the upper edge
I am really excited that it's getting closer and closer!
There is an AB=CD Pattern inside the wedge
And the level is: 1.4370!
The 1.618 ext is at 1.4400.
Look closely for the Price action at this level
This might be a great turning point
Get ready to short.
I will keep you guys updated in lower time frame.
once the price is in that zone.
Goold Luck!
This is a Huge Wedge since 2014.
Today the price already touched the upper edge
I am really excited that it's getting closer and closer!
There is an AB=CD Pattern inside the wedge
And the level is: 1.4370!
The 1.618 ext is at 1.4400.
Look closely for the Price action at this level
This might be a great turning point
Get ready to short.
I will keep you guys updated in lower time frame.
once the price is in that zone.
Goold Luck!
Trade active:
1.4370 order filled.
1.4400 pending
1.4400 pending
Comment:
Nice reversal! POWER OF AB=CD
Comment:
huge spike to 1.4500 in just 5 mins. get out from this trade first and decide whether to re-enter later.