louiiereiid

louiiereiid

So if we take a step back and look at the daily on USD CAD the green lines indicates support or resistance. its been on a uptrend lately so i do expect there to be a few pull backs but ideally it looks as if it may test our resistance line at the top and possibly go as high as my blue rectangle.

louiiereiid

If the EMA is broken by the 13:00 candle then we may have a potential Long, But it may bounce of the 0% Fibonacci Level so keep an close eye if you are to follow my analysis. Thank You.

louiiereiid

The chart here has tested many Fibonacci Levels and has made many trends. We also have an EMA on the chart. The EMA has now been broken and is showing good signs for an uptrend following breaking Fibonacci Levels.