Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
The
USDCAD currency pair started moving up again after a correction and touched the EMA 21 area which also coincided with the 0.618 Fibonacci Retracement ratio.
This is also reinforced by the occurrence of a golden cross on the Stochastic indicator.
The ideal price target to be achieved is at the level of 1.27970 with the basic pattern AB=CD, and the ratio of 1.618 Fibonacci Retracement.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
The
USDCAD currency pair started moving up again after a correction and touched the EMA 21 area which also coincided with the 0.618 Fibonacci Retracement ratio. This is also reinforced by the occurrence of a golden cross on the Stochastic indicator.
The ideal price target to be achieved is at the level of 1.27970 with the basic pattern AB=CD, and the ratio of 1.618 Fibonacci Retracement.
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.