Fib channels and fib retrace.
Monthly tippy tops and bottoms in light white.
Last Month's Top Bottom in White.
This and previous week top in blue.
Last week's close in dotted blue.
I'm bullish Dollars. Bearish oil.
Possible signature buy trade.Price broke through the wedge to go to the previous weekly low and did a wick fill and was rejected.Anticipating a reversal.W pattern formation on H4,H1 and signature W formation on 30min
This is an update of my general idea of the weekly move back up.
H4 closed above 1.34450 and pushed into a fresh H4 supply level, i'm counting on the rejection of this level to propel price back down to the newly formed support ( on H1 ) for a retest before finally pushing back up into the daily supply level of 1.35000.
Good Afternoon Traders, Forex Fargo checking back in!
Today our analysis is on USDCAD.
The overall trend for this pair seems to be in a slow Bullish incline.
With that being said, there seems to be a potential for a VERY good Long Swing Position if entered correctly.
My prediction is that from a 4H and Daily TF, you are able to see what looks like an...
I'm expecting either a reversal or huge retracement at this price. 1.305 precisely. UCAD is very oversold right now. 1 more push down it will hit the .382 fib from Sept 2017 for the first time. Buyers likely.