Keep an Eye Out for the Pitchfork! (450 pips on USDCAD)
Hey all, I've got a simplified graph here with just the bare features required to visualize the fact that the pair has been adhering to this pitchfork quite nicely. I expect it to hit the following three targets sometime within the next few months. This is barring a complete bearish reversal due to the Canadian dollar's recent strength, which may end up causing the pair to fall to the lower channel. That is a key stipulation that one must consider when analyzing the entry.
As mentioned, the alternative path for the pair appears to be taking a downward turn towards the lower channel