Hey!
USDCAD rally could possibly end in the blue box area, there are several price reversal criteria:
1. Old resistance
2. ABC equal waves
3. Round nr.
4. Fibo extension
5. Channel trendline
6. Slight RSI Divergence
Yes, pretty impressive but still, you should wait for a bearish candlestick pattern formation to make this trade with higher success rate because the buying power is pretty strong but we should go and retest some lower breakout levels! Let's see how it plays out!
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
USDCAD rally could possibly end in the blue box area, there are several price reversal criteria:
1. Old resistance
2. ABC equal waves
3. Round nr.
4. Fibo extension
5. Channel trendline
6. Slight RSI Divergence
Yes, pretty impressive but still, you should wait for a bearish candlestick pattern formation to make this trade with higher success rate because the buying power is pretty strong but we should go and retest some lower breakout levels! Let's see how it plays out!
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
And those who are already in - use tight stops because big news coming out, 25 min. to go!
NB: On the picture is the trendline, if it breaks then it would be another bearish confirmation!