USDCAD , Buy on H4: Continuous slowly uptrend
Waiting signal=> BUY at 61.8% Fib Retracement
Price will fall and test 61.8 Fib Retracement level or will test the support zone below the 61.8 and move up to test the uptrend-line.
Maybe in long-term will break the trend-line and touch the new resistance at level 1.3645 (around 200pips from the support level and 61.8 Fib Retracement)
Waiting signal=> BUY at 61.8% Fib Retracement
Price will fall and test 61.8 Fib Retracement level or will test the support zone below the 61.8 and move up to test the uptrend-line.
Maybe in long-term will break the trend-line and touch the new resistance at level 1.3645 (around 200pips from the support level and 61.8 Fib Retracement)
Yorum:
Caution: This is just an idea based in technical analysis