USCCAD - Fan Breaks
USDCAD is moving off the Demand Zone after a break of the Down Trend Line ( Fan1) .
Price has broken Structural Resistance and is now testing it as Support.
Look for a break of the second Fan Line , as price moves up to test the
Fibonacci .50 level. That would be the projected Fan 3 level.
The bias presently for this pair is Long.
Price has broken Structural Resistance and is now testing it as Support.
Look for a break of the second Fan Line , as price moves up to test the
Fibonacci .50 level. That would be the projected Fan 3 level.
The bias presently for this pair is Long.
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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.