Shaun_NK

Breakthrough to 1.36 Range This Week ~ High Probability

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
A potential breakout to the higher 1.36 levels are a possibility. We will have to see a clean breakout of the 1.35200 Resistance to spike us to the 1.36 levels. We are going to hit a Fibonacci Level regardless, so if price doesn’t hit the 61.80% Fib we can see it fall with the purple trend line to bounce off the 50% Fib level.
Comment: Watch out for the Fake Out, we should see this wedge pattern continue to bring the price up.
Comment: We might start to see a spike in price to continue our way upwards.
Comment: Seems as though we decided to take the alternative route and we still hit the Fib level perfectly
Comment: Analysis still holding strong. We have rested on a support level. Potential fakeout before we rise to the 1.36 range

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