USDCAD - Bullish trend, correcting
On my chart UCAD is in a bullish trend channel, and is currently at a area where the correction might end.
It confluences with 61.8 fib are and a previous broken LH.
It might not hit the bottom trend line but there is a slight possibility it will.
For now I see price making a double bottom at 1.31869.
If price rejects in that area and goes bullish again it might form a W and at the break of 1.337 were looking at at possible 170 pip rally.
It confluences with 61.8 fib are and a previous broken LH.
It might not hit the bottom trend line but there is a slight possibility it will.
For now I see price making a double bottom at 1.31869.
If price rejects in that area and goes bullish again it might form a W and at the break of 1.337 were looking at at possible 170 pip rally.
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