Hello,
would you please comment on what I think may be a potential good trade? It is usd/cad daily chart. As far as I can see there is a flag retracement (continuation pattern- bias up), then we are approaching support which used to be quite a significant resistance (the purple line) and this support is very close to 61.8 fib. If we get some sort of confirmatory price action, should I be ready to buy this sucker?
Thanks guys,
good luck.
would you please comment on what I think may be a potential good trade? It is usd/cad daily chart. As far as I can see there is a flag retracement (continuation pattern- bias up), then we are approaching support which used to be quite a significant resistance (the purple line) and this support is very close to 61.8 fib. If we get some sort of confirmatory price action, should I be ready to buy this sucker?
Thanks guys,
good luck.