This has been a magnificent uptrend. Recently of course it’s been mainly about oil’s woes and the impact on Canada’s export revenue.
Over the past couple of days, the market has shown signs of faltering at and AB=CD level. If there is a trend peak here, the latest swing will be the same size as the one before it. A significant correction often follows this.
If there is no trend peak at this level it’s of no significance. The uptrend will continue and harmonic, Fibonacci traders will be looking to higher levels as…
Top trade idea for January 15th, 2016 – USD/CAD
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