Here we have a very simple setup in USDCAD with all eyes on 1.2969. This is the ABC sequence target from the highs, here tracking closely the price action as we approach these levels to determine whether infact the breakdown is corrective or impulsive in nature.
A break below the 1.2969 line in the sand will secure the highs and kickstart the moves back towards 1.26 in the short term. Whilst a reassessment to the setup will be needed if a brea comes in above 1.3315.
Well done all those riding this from the BoC highs..
A break below the 1.2969 line in the sand will secure the highs and kickstart the moves back towards 1.26 in the short term. Whilst a reassessment to the setup will be needed if a brea comes in above 1.3315.
Well done all those riding this from the BoC highs..
