USDCAD: Update - uptrend continuation after cooldown
Updated
I think we're seeing the beginning of a strong uptrend, this just being the first leg up.
Now, after a week heading straight up, I expect to see a retracement from this weekly fibonacci resistance, which lines up with a low volume resistance area in the 4h chart, as well as a highest low trendline resistance.
I got out of my longs and looking to rejoin the move up, I'll update with the entry.
Now, after a week heading straight up, I expect to see a retracement from this weekly fibonacci resistance, which lines up with a low volume resistance area in the 4h chart, as well as a highest low trendline resistance.
I got out of my longs and looking to rejoin the move up, I'll update with the entry.
Trade closed: target reached
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