USDCAD Longterm Development - Drop to 1.28 and Rise to 1.367
As far as I am concerned the next development for USDCAD might be a drop to around 1.28 which would then be equal to a retracement of around 50 %. As a consequence we might see an expansion to around 1.367 ( = 161.8 % ) all measured from the first leg upwards.
The copied bars pattern from the first leg would fit just perfectly fine into this measurement.
If I compare that to the previous leg it might take around 74 days to reach the goal.
The copied bars pattern from the first leg would fit just perfectly fine into this measurement.
If I compare that to the previous leg it might take around 74 days to reach the goal.
Note
Let's wait and see :-)Note
Coming down :-)Note
Well, looking at my forcast today - I'd say that was pretty, pretty accurate!!! ^^Not the timeline of course - 74 days, hahaha... -but the outcome!
Fibonacci helps an aweful lot!
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*forecast
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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.