USDCAD: Update - uptrend continuation after cooldown
I think we're seeing the beginning of a strong uptrend, this just being the first leg up.
Now, after a week heading straight up, I expect to see a retracement from this weekly fibonacci resistance, which lines up with a low volume resistance area in the 4h chart, as well as a highest low trendline resistance.
I got out of my longs and looking to rejoin the move up, I'll update with the entry.
Now, after a week heading straight up, I expect to see a retracement from this weekly fibonacci resistance, which lines up with a low volume resistance area in the 4h chart, as well as a highest low trendline resistance.
I got out of my longs and looking to rejoin the move up, I'll update with the entry.
Trade closed: target reached
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🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
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Related publications
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.