USD/CAD LOL

21 thg 6, 2018

I know you can't see the chart, neither can I. But what I can tell you is that the 134.00 price level (basically the .786 from B-C high to low, is a key fibonacci level for many reasons, pitchforks, multiple trend fibs. I've looked at this pattern every way I can and it labels corrective every time. We may even get a nice sell from here, but that's a totally different discussion pattern wise. But basically, if Ucad hits 134.00, it should react down and there should be a long term sell to downside, at least to correct 50-62% of this upward pattern with the possibility of breaking the low. But I am talking about some long term stuff here. It looks like it is consolidating above trend line for a sell, but I am not completely convinced just yet.