It looks like USDCAD is not done rallying, the orderblock from 1.33355 to 1.33484 has held its ground with only wicks from the daily chart. It seems we will at least retest the trendline drawn if not move into the next orderblock.
Based on the double bottom on daily at 1.11 there's a high probability of a raid at that level. NFP conveniently took euro to 1.128. Continuation could continue and run all the way up to 1.13730 or hit OTE short entry at 1.126~
Anything can happen but I strongly believe 1.11 will be retested and possibly even 1.08 ran before we see any possible long-term bullish action
Still feeling pretty bullish overall but with what is probably going to be weak auction news, I am short in the short-term but still awaiting a breakout of the current channel that I believe to be just a matter of time.
Hey guys, it is my opinion that the chart has seen a 5-wave uptrend from 2100 to 2451 and a nice correction down to ~2245. As far as I can see now the candles are indicating a cup forming into another round of bullish price action.
Here we can see some possible targets with the use of a GANN FAN from 275 and a Fibonacci retracement of the latest high to the...