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USDCAD the cloud (Kumo) is still defining the resistance

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USA-dollar/Kanadensisk dollar (FX:USDCAD)  
SteynTrade Uppdaterad   
FX:USDCAD   USA-dollar/Kanadensisk dollar
uadcad Ichimoku Cloud ichimokukinkohyo Pitchforks AB=CD chikouspan kumo
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uadcad ichimokuclouds ichimokukinkohyo pitchfork abcdpattern chikouspan kumo
The Kumo is still acting as resistance for the Chikou Span on the weekly time frame. Price is correcting to the bottom of the Kumo on the BC leg of the larger ABCD correction. This is also the LML of the Pitchfork and 50 week SMA. Still expecting the price to rise in the next week before completing the bigger CD move down.
Kommentera:
Looking to go long on the finalization of the retrace.
snapshot

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USDCAD still on both sides of the cloud
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