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USD/CAD Bullish Bounce Fueled by T-89 Pattern

Nenad Kerkez
Updated

Dear Traders,

The USD/CAD has formed a bullish SHS pattern. A bounce off the POC zone 1.3360-70 targets upper camarilla levels

Additionally, the price has formed a T-89 pattern which is a bit bullish as it comes with now moment buyers and rejection off the D H4 camarilla level. If the bullish momentum persists we should see 1.3376, 1.3401 and 1.3420 as the final target. For a continuous bullish domination on intraday level the price should ideally stay above the D L3 level.  Above W H3 1.3420 we should expect more bulls to join.

The analysis has been done with the
CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

This article was originally posted on FX Empire

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