Long $CAD?
Reasons for long:
- Looks like we are completing a 5 wave sequence to the downside
-Fibonacci confluence 1.272 extension of 2,3, also in line with the 23.6 retracement of Harmonic pattern (see Monthly Chart)
-Not sure if this is a reversal or a just correction of the current trend, either way we should get a reaction at the 1.3450 area
- Looking left there is some significant structure at the 1.3450 level
Hit the like button if you agree and if you don't please do not be shy to share your views so we can all learn.
- Looks like we are completing a 5 wave sequence to the downside
-Fibonacci confluence 1.272 extension of 2,3, also in line with the 23.6 retracement of Harmonic pattern (see Monthly Chart)
-Not sure if this is a reversal or a just correction of the current trend, either way we should get a reaction at the 1.3450 area
- Looking left there is some significant structure at the 1.3450 level
Hit the like button if you agree and if you don't please do not be shy to share your views so we can all learn.
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