🍁USD/CAD Struggles To Rise
🍁It looks like the USD/CAD is still struggling to continue its gains
🍁I already thought that we would start a new strong downward impulse, but then today there was a strong upward breakout.
🍁It looks like the momentum that has been established may result in a renewed attack on the strong resistance zone set based on the vicinity of the 0.618 level of the entire downward wave.
🍁The support zone is located around the 0.382 level where the price has repeatedly reversed its direction.
🍁Looking at the technical environment, there are high chances of a continuation of the northward movement.
🍁The scenario I am playing is an increase to the vicinity of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🍁*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
🍁It looks like the USD/CAD is still struggling to continue its gains
🍁I already thought that we would start a new strong downward impulse, but then today there was a strong upward breakout.
🍁It looks like the momentum that has been established may result in a renewed attack on the strong resistance zone set based on the vicinity of the 0.618 level of the entire downward wave.
🍁The support zone is located around the 0.382 level where the price has repeatedly reversed its direction.
🍁Looking at the technical environment, there are high chances of a continuation of the northward movement.
🍁The scenario I am playing is an increase to the vicinity of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🍁*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 www.t.me/Investmatez 💲
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