Trading Edges That Last
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USDCAD Dec 24 to Dec 28 Outlook
Lawrence’s Comment
The cleanest swing bottom for a long while. The exact formation I was looking for last week, bottom formation clearing resistance, happened and gave us Y+2 normal target. Zoomed through them all to Y+3. Closed the week above Y+2 and midpoint.
Outlook
Last part of the zoom up obviously was stop run. To prove the run has legs, we need to see consolidation to hold B-0 / Y+1. Then a push above B+1 will continue.
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