USD/CAD: the CAD is strong
Read the article on FBS website
Recommendation:
SELL 1.319
SL 1.3245
TP1 1.309 TP2 1.303 TP3 1.2925
On the daily chart of USD/CAD, the pair keeps reaching targets of “Shark” and “Wolfe waves” patterns. When the pair reaches the 88.6% target of the “Shark” pattern, risks of the pullback will increase. Vice versa, a break of the resistance at 1.319 will increase the possibility that the pair will reach the 1.3315 target of the “Wolfe waves” pattern.
On H1, the pair reached the target of the “Wolfe waves” pattern. A break of the upper boundary of the downward channel will increase odds of the formation and implementation of the reversing “Three Indians” pattern.
