USDCAD - WEEKLY OUTLOOK
TECHNICAL:
Descending Trendline
Daily Fib
4hr Fib
4hr 800ema
Weekly support
4hr Ascending channel
Potential 4hr Double Top
Buy Entry
Break of Descending channel
break of 4hr 800EMA
Break of resistance @ 0% fib
break of 4hr resistance to invalidate double top
Target -38.2% Fib
Sell Entry
Break of ascending channel
Close below 23.6% weekly fib and confirming double top
Close below 4hr 23.6% fib
Close below weekly support
Target 61.8% Fib
Descending Trendline
Daily Fib
4hr Fib
4hr 800ema
Weekly support
4hr Ascending channel
Potential 4hr Double Top
Buy Entry
Break of Descending channel
break of 4hr 800EMA
Break of resistance @ 0% fib
break of 4hr resistance to invalidate double top
Target -38.2% Fib
Sell Entry
Break of ascending channel
Close below 23.6% weekly fib and confirming double top
Close below 4hr 23.6% fib
Close below weekly support
Target 61.8% Fib
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