Here is a 2 hour chart of the USD/CAD pair. I was hoping for a pullback to the 1.035 area to get long, but I may not get the chance. Here is a chart of what is possibly taking place. Corrective patterns like this can be extremely difficult to define so the pair may consolidate for longer before a breakout, however, the wedge that has been forming is due for a break and it appears as though it is about to occur. If this count is correct, look to get long on a pullback to the 61.8% Fibonacci of the impulse up from the green B/2.
No comments:
Post a Comment