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Usdcadidea

The Looney Continues to Bargain in FlatThe technical picture on the USD/CAD currency pair is still ambiguous. A temporary low is formed at 1.3115 in USD/CAD and intraday bias is turned neutral first. Further fall is expected as long as 1.3205 holds. A clear break below 1.3115 (38,2% Fibo retracement on the daily chart) will resume the decline from 1.3327 and target 1.3042 key support. Sustainable move there will bring larger bearish implication. On the upside, above 1.3205 (Friday high) minor resistance will turn bias back to the upside for re-test of 1.3327 resistance instead. Our Buy trading is still active. Do you trade that pair and how?
by ForexTrendline
1
USDCAD - Forex Majors | Elliott Wave Patterns | November 2019USD/CAD - Elliott Wave Technical Analysis Structure & Degree: Primary Degree B (red) Complex Structure, Double Three - Intermediate (W) (purple): Semi Complex Flat within Minors ABC (blue) - Intermediate (X) (purple): Complex Flat within Minors WXY (pink): Semi-Impulsive Minor A (blue) Bull-Flag (Double Three) Correction in Minor B (blue) Bullish Impulse in Minor C (blue) Current Position & Pattern: - 3 of 3's within Minor C (blue) Expected Swing: - Bullish Impulse in Minute iii (green) Technicals & Confirmations: - Double Top on Intermediate (W) (turquoise) starting points - 50% or 61.8% Fibonacci Retracements of Minuettes (i) & (ii) (black) - 61.8% Fibonacci Extensions of Minors A & B (blue) - Reversed Bullish Divergence on the Ascending Channel - Bullish Harmonic Structure
Long
by EW4X
11