USDCAD Bears Almost Ready

アップデート済
Price has nearly reached the entry point based upon signals retracing the trend down from May. Current action is attempting to form a rising wedge to offset bullish momentum generated from the up trend from October lows, and more recently bullish action from early December.

I imagine this trade will need to distribute a bit more as weekly momentum has been relatively bullish over the past six weeks. If stops are taken, meaning a significant close above the highs from May 2017, I would then reassess and consider previous levels of significant support generated from the down trend established from the Jan 2016 highs.

Over the longer term I expect new lows below the 1.20 level, if and ONLY IF, May highs are not taken out.

Monthly Perspective: スナップショット

Weekly Perspective: スナップショット
トレード終了: 利益確定目標に到達
First short term target reached.
トレード終了: 利益確定目標に到達
Target #2 reached.
ノート
How many more targets should we wait for?
トレード終了: 利益確定目標に到達
First Swing Target Reached. Good spot for some profits.
Chart PatternsTrend Analysis

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