RKchartest

USDCAD Reaching next swing level

FX:USDCAD   Dolar A.S. / Dolar Kanada
I believe the USDCAD is reaching the next swing level. With pivot points lining up and an approaching AB=CD formation coming to an end on an harmonic level, the pair needs to watched closer for a swing entry. Stochastic are starting to top the 21 and faster speeds. These are all starting to signal a good entry location.

The arrow is just the location where allot of signals are lining up and may not be the exact location the pair turns.
The 1.2655 is a strong level and will offer strong support for bulls and the pair to head higher. With that in mind, profit targets for my self will be quicker in this environment.

Penafian

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