USD/CAD Moving Up as The V Shaped Reversal Takes Place

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

USD/CAD is in uptrend. We could see a continuation of the move if the price gets in the POC zone and rebounds.

1.2860-75 is the POC zone and there the price might bounce off. However if 1.2915 is broken before the move to the POC zone, watch for 1.2939 and 1.2979. At this point the price is slightly above the zone. As long as the previous order block (green line) holds, bulls should be safe.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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