Well seems USD/CAD has dropped to a significant level on this pair. On the daily its a few pips from touching the 61.8 fib which i believe is the PRZ for this pair. The pattern will still be at play if the D leg goes down 1.3280 this is an area where bullish pressure should build. If it meets your strategy and plan please keep this in mind. Happy trading pals. success to us all.
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Price has extended very low and the pattern has been broken. I will not be taking the trade in regards to this set up anymore. None the less overall still waiting for bullish moves on this pair later on the week. regards
Trading CFDs involves risk of loss. Trade responsibly and consider your risk tolerance. View and opinion stated here are purely for educational purposes and not to be used as financial advice. #gwg