USDCAD Trend Continuation Move on the 60 Min Chart
As with many markets at the moment, we seem to be seeing a relief or potential trend reversal as previous structure levels are being violated.
Looking at this pair, We have just seen a Lower Low, Lower Close so following this recent pull back, we can look to jump on the trend continuation move.
Previous support should become resistance which lines up with a 618 retracement, a 1618 inversion and a 127 extension.
For anyone that trades advanced patterns, there is a Bat pattern up at 1.4279 depending on your X leg.
Good Luck.
Looking at this pair, We have just seen a Lower Low, Lower Close so following this recent pull back, we can look to jump on the trend continuation move.
Previous support should become resistance which lines up with a 618 retracement, a 1618 inversion and a 127 extension.
For anyone that trades advanced patterns, there is a Bat pattern up at 1.4279 depending on your X leg.
Good Luck.