I believe the USDCAD
is reaching the next swing level. With pivot points
lining up and an approaching AB=CD
formation coming to an end on an harmonic
level, the pair needs to watched closer for a swing entry. Stochastic
are starting to top the 21 and faster speeds. These are all starting to signal a good entry location.
The arrow is just the location where allot of signals are lining up and may not be the exact location the pair turns.
The 1.2655 is a strong level and will offer strong support for bulls and the pair to head higher. With that in mind, profit targets for my self will be quicker in this environment.