USDCAD w8 for SR Break up
Daily
Uptrend - part of 123 Elliot wave.
Last month mpstly sideway moves
4H
Last candles shows healthy trend and good power.
Seems no sellers since the end of prevous week
wigs shows move up
However weekly SR close
1H
Very strong momentum
Weekly resistance reacted slowly, pullback was not aggressive.
Old pirce level was checked
It all looks for 2nd test of Weekly SR and probably breakdown up.
Then next level will be 1.33850
Uptrend - part of 123 Elliot wave.
Last month mpstly sideway moves
4H
Last candles shows healthy trend and good power.
Seems no sellers since the end of prevous week
wigs shows move up
However weekly SR close
1H
Very strong momentum
Weekly resistance reacted slowly, pullback was not aggressive.
Old pirce level was checked
It all looks for 2nd test of Weekly SR and probably breakdown up.
Then next level will be 1.33850
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.