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Shaun_NK
May 19, 2019 9:55 PM

Breakthrough to 1.36 Range This Week ~ High Probability Long

U.S. Dollar/Canadian DollarFXCM

Description

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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