USDCAD sitting at support Panjang

U.S. Dollar / Canadian DollarFOREX.com

Huraian

⋅ 27 Dis 2017 pukul 16.06

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).

Komen

Fiyi77

⋅ 28 Dis 2017 pukul 15.04

thanks for the reply. I will do that.

LorenzoDecaria

⋅ 29 Dis 2017 pukul 21.12

@Fiyi77, today's candle looks like a reversal candle

Fiyi77

⋅ 28 Dis 2017 pukul 14.58

do you think the bounce is on it's way

LorenzoDecaria

⋅ 28 Dis 2017 pukul 14.59

@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

Lebih