The Loonie
Chart courtesy of Advanced Get. Data provided by eSignal.
The USDCAD daily pair shows a possible support level which may turn out to be wave 4. You will see the convergence supporting this and also the figure adding to the confluence of events. The end of wave is also possibly shown with fib at 2.618. However, a break below could see further decline and the next figure as a support and / or 4.236 fib. At the 2.618 we have a reversal which also provides a base. If we bounce then watch the time channels.
Have a great weekend and please have a read on Monday as I will be adding something I think will be of interest to you all.
The USDCAD daily pair shows a possible support level which may turn out to be wave 4. You will see the convergence supporting this and also the figure adding to the confluence of events. The end of wave is also possibly shown with fib at 2.618. However, a break below could see further decline and the next figure as a support and / or 4.236 fib. At the 2.618 we have a reversal which also provides a base. If we bounce then watch the time channels.
Have a great weekend and please have a read on Monday as I will be adding something I think will be of interest to you all.
posted by Javid Shaik @ 9:20 AM
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