USDCAD has been trying return back inside the band since 3 weeks ago.
Now it looks more clear on that.
It might test 1.385 very soon which is the average band and strong on weekly chart.
We got our signal on this pair floating profit already, waiting for TP1 to be hit soon in the first half of next week.
Good luck !
LESS IS MORE!
forming H&S in weekly TF - which in turn leading to bearish momentum instead of reversal as predicted?
If this so, USDCAD was actually will be going to be bearish instead of bullish, Currently continuing bearish momentum
moving in ascending triangle pattern.
What is your opinion?
weekly TF maybe still bullish but just keep in mind that overall TBA is actually bearish.
Fib retracement from the bullish impulsive during early Covid crisis has retraced significantly more than 0.786 level meaning this is a poor retracement or probably is a sign that the price is
heading back to its pre-Covid level.