๐USD/CAD Ready For A Breakout
๐Looking at the strength with which the USD/CAD took off upwards today.
๐I get the impression that there is a good chance that this is just the beginning of a new upward wave on this pair.
๐Looking at the 1D interval (lower right corner) We can see that we have approached the vicinity of a strong resistance zone determined by the 0.618 level of the entire downward wave. Where the price has repeatedly struggled to break upwards.
๐Looking at price action and the technical environment. It looks like today's movements are not a coincidence and are aimed at breaking through the strong resistance that held the price for a month.
๐The scenario I'm playing out is a continuation of the upside with the breakthrough 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.
๐If 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.๐
๐Looking at the strength with which the USD/CAD took off upwards today.
๐I get the impression that there is a good chance that this is just the beginning of a new upward wave on this pair.
๐Looking at the 1D interval (lower right corner) We can see that we have approached the vicinity of a strong resistance zone determined by the 0.618 level of the entire downward wave. Where the price has repeatedly struggled to break upwards.
๐Looking at price action and the technical environment. It looks like today's movements are not a coincidence and are aimed at breaking through the strong resistance that held the price for a month.
๐The scenario I'm playing out is a continuation of the upside with the breakthrough 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.
๐If 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.๐
๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐
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๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐
๐ฒ To keep up to date with all my activities I invite you to visit my Telegram ๐ฒ
๐ฒ t.me/Investmatez ๐ฒ
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๐ฒ t.me/Investmatez ๐ฒ
๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐
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๐ฒ t.me/Investmatez ๐ฒ
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