it seems usdcad will reach to top of channel. find a good entry point to long.
find a good entry point for long to reach ceiling of channel to complete pattern. this is minimum target for long. if channel will be broken we can update our analysis.
i think we can wait for a valid signal around 1.72 . be patient for good price action signal. risk to reward is acceptable.
standby for buying this nice head and shoulder pattern.
I think we probably have reached to end of wave 3 and ready to start of wave 4 but the trend is up and after correction we expect for HH to 1.2350 and even higher.
minimum target for buy. if this currency break outs 136.60 we can expect price reaches to 137.60 at least.
READY FOR SELL SIGNAL OR CONTINUE UP TREND ?
YOU CAN SEE WE HAVE TO PREPARE A GOOD RALLY IN BITCOIN.
YOU CAN FIND A GOOD ENTRY POINT TO SHORT THIS CURRENCY. YOUR SL HAVE TO BE BEYOND 1.3310
I am looking for sell opportunity in dollar. my focus is buying EUR & GBP against dollar.
with another watch to the once chart we can find other signs to start up movement. i think gold will move to 100% fibo projectin or 161.8 (golden ratio) to build 3 or c. we can see +RD in AO indicator and momentum oscillator is in OS zone. break out of 1175 is a good signal for long! good luck.
i think after drop down to the lowest fibo level 88.6 as correction last bullish wave gold intend to start new uptrend with a beautiful harmonic pattern