UC research - regular fakeouts?Seems to be a regular pattern of fake outs setting major trends on 4hr chart with USDCAD
note the highlighted areas forming a new high/testing highs, then a sharp reversal.
Current position also appears to be similar with 1.312 as a major support line
Will continue doing more research...
Research
CADJPY : Long OpportunityA confluence of Fibonacci and support line around a harmonic pattern spells a long opportunity. The price may try to reach a Fibonacci level of 127.2% at 85.76 but fail since it is seriously oversold. For those who can't wait for the formation to complete as indicated on the chart, wait for at least 87.5 to break set stop a few pips below 85.76