AlexxChan
Short

USDCAD BULL RUN FINALLY OVER?

FX:USDCAD   U.S. Dollar/Canadian Dollar
After a freakish bull round from the USDCAD             to create new 13 year highs. The bulls may be finally exhausted to allow the bears to take over for a while. Currently the pair sits at the 61.8% retracement level with oversold RSI levels. I expect the pair to retrace at this level for a 5 wave retracement down to 1.39 levels.
Comment: As suspected, USDCAD followed a retracement and then reached lower lows.
Trade closed: target reached
USDCAD BULL RUN FINALLY OVER?


I believe wave 3 has been completed, a retracement is expected to happen at this point to possibly the 50% or 61.8% region
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Right on point. Thanks
+1 Reply
Currently is working acc. your chart. Congratulation!
+1 Reply
I am waiting for a retracement here too ! Nice chart
+1 Reply
AlexxChan Simplify-
Thank you!
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