A nice AB=CD pattern has formed on the USDCAD 1h a break above the extension of 2.618 would invalidate our pattern, stops should be above the 2.618 level. Our first target would be the Fib retrace level of of 0.382 thou a break below the level of 0.382 would send us to our 2nd target of 0.618 since 0.382 is our previous resistance.
Trade active
The upward move of USDJPY is way too extended, it has reached a supply zone.Trade active
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.
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.