USD/CAD Possible Counter Trend Move at W L3 Support

2 min read
tarantula fx

tarantula fx

Forex broker

The USD/CAD is very close to making a breakout to the upside. We can see fractals trendline placed exactly at W L3 camarilla pivot and the price might spike up soon.

If the price spikes up from 1.2520 zone, providing that 1.2490 stays strong we might see a development of counter-trend move towards 1.2580 and 1.2617. The final price target could be W H3 – 1.2639 but it will hardly happen today considering that the top ATR projection is 1.2585. However, if the price makes a counter-trend move and we see a 4h close above the top ATR projection we might see W L3 tomorrow.

USD/CAD H4 Chart

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Our most popular trading tools and wisdom are FREE now. Join and receive a
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*Currently 86% of profit setups at entry after the price hits above the 3d or 4th Wizz level 🚀🚀🚀