Zachary__m_
UC still counter trending yesterdays 4H fib placement was invalid fib misplacement is probably the main cause of draw down work on this extensively
2 bullish engulfing on 30m 2 signs that counter trend is over
USDCAD 12-6-21 monday 12:30 analysis P/A is still counter trending possible long entries during tomrrow newyorks session *no usd or cad news today* news tomorrow @ 7:30
Daily -Monthly structure is still bearish but has room for bullish movement before bearish continuation if p/a respects 1.25880-1.26230
correcting wrong H/L labels P/A has been in consolidation since last Wednesday July 21st (1.25253-1.26074) 1H TF broke 1H structure last Tuesday @ 11am
Last weeks P/A consolidated from Wednesday -Friday close \ P/A currently looks like it is done consolidating and is ready to push towards upside of counter trend towards 1.26800-1.27000 Next resistance after 1.27000 is ( 1.27763)