USD/CAD experienced profit taking at the high, as well as a distribution pattern followed by a down move to confirm.
It has now reached the confluence of FIBZONE and S/R, where we will gather information on bulls.
I will add comments with 1hr analysis
It has now reached the confluence of FIBZONE and S/R, where we will gather information on bulls.
I will add comments with 1hr analysis
Here is the 1-Hour Chart, showing bull volume at the previous described zone of confluence, and then the start of what could be re-distribution.
First re-test of 50FIB and S/R from the Daily Chart has been reached and it will tell us about bears, and if the trend is ready to continue or will continue in the redistribution pattern