USDCAD Longterm Development - Drop to 1.28 and Rise to 1.367
As far as I am concerned the next development for USDCAD might be a drop to around 1.28 which would then be equal to a retracement of around 50 %. As a consequence we might see an expansion to around 1.367 ( = 161.8 % ) all measured from the first leg upwards.
The copied bars pattern from the first leg would fit just perfectly fine into this measurement.
If I compare that to the previous leg it might take around 74 days to reach the goal.
The copied bars pattern from the first leg would fit just perfectly fine into this measurement.
If I compare that to the previous leg it might take around 74 days to reach the goal.
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Let's wait and see :-)
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Coming down :-)
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Well, looking at my forcast today - I'd say that was pretty, pretty accurate!!! ^^
Not the timeline of course - 74 days, hahaha... -but the outcome!
Fibonacci helps an aweful lot!
Not the timeline of course - 74 days, hahaha... -but the outcome!
Fibonacci helps an aweful lot!
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*forecast