Found this as a continuation from the 2618 pattern. Aggressive trader would have entered while conservative might wait for more confirmation signals.
Is a nice time to enter it now as the 2618 completed with a higher high candle will develop by finishing of this hour. See how it plays.
Seems the Swiss is riding up gradually. With 0.9335 as level of Fib inversion 1.27 and converge with the lower trendline, the zone will be a place to watch and hop into the boat.
Fibonnacci retracement of 0.618 @ 1.2538 level. A good 1 : 1.7 RR minimum if market decides to move as planned.
After a double top formation, the pair dropped and in pullback with level of resistance at 88.3. At this moment it can go either way testing the 88.3 level or downwards testing the lower bolinger and 365EMA. A good bounce if it hits the dropzone area.
USD/CAD on monthly basis currently on downtrend On the 4 hours chart a 2618 pattern has completed and there is a high chance of reversing. Resistance is seen on the 25EMA which increases the probability. Although on the 1 hour chart, a momentum is buiding up for an uptrend. We see how it goes.