In the daily timeframe:
- the bearish, red cloud has ruled continuously for 6 months.
- It's time to see a recovery this month, targeting 1.2286, i.e. the EMA 50.
SL under 1.1990
- So that the Tenkan / Kijun Cross converts into a bullish signal, the price will come back again and reach the @ 1.2019... when the time comes, we will label it as wave 2 or b.
- This month will USDCAD stay bullish above the thick blue line @ 1.2058 and close above it.
- Keep an eye on the red cloud, because it will take a while until it turns green.
- the bearish, red cloud has ruled continuously for 6 months.
- It's time to see a recovery this month, targeting 1.2286, i.e. the EMA 50.
SL under 1.1990
- So that the Tenkan / Kijun Cross converts into a bullish signal, the price will come back again and reach the @ 1.2019... when the time comes, we will label it as wave 2 or b.
- This month will USDCAD stay bullish above the thick blue line @ 1.2058 and close above it.
- Keep an eye on the red cloud, because it will take a while until it turns green.
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