🍁USD/CAD Ready For A Breakout🍁

🍁USD/CAD Ready For A Breakout

🍁Looking at the strength with which the USD/CAD took off upwards today.

🍁I get the impression that there is a good chance that this is just the beginning of a new upward wave on this pair.

🍁Looking 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.

🍁Looking 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.

🍁The 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.

🚀If 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.🚀