LorenzoDecaria
Panjang

USDCAD sitting at support

FOREXCOM:USDCAD   Dolar U.S/Dolar Kanada
The power of price structure: previous resistance is now support. Pretty much lines up with .618 fib retracement level, so a bounce from here could be in the cards.

Projected target is 100% fibonacci expansion (or ABCD pattern completion).
thanks for the reply. I will do that.
Balas
@Fiyi77, today's candle looks like a reversal candle
Balas
do you think the bounce is on it's way
Balas
@Fiyi77, it took quite a hit today, I'd drop on a lower timeframe and look for any reversal sign there. This is a good spot for a swing
Balas
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