USDCAD at or near Support. UC due for a bounce?

٨ يناير ٢٠١٩

UC approaching a couple of support zones.
If these zones do not bounce the price, then it will head much lower.
Watching closely.

٨ يناير ٢٠١٩

ملاحظة

Decent bounce out of support zone, but bulls need to break this 1.618 to get more bulls on board

١١ يناير ٢٠١٩

ملاحظة

Above initial support did not hold, neither did the second one. But now we are coming back up to ''previous'' support. Question is whether it will turn into Resistance now

١١ يناير ٢٠١٩

ملاحظة

Nice! previous support Pierced with Vigor

١٧ يناير ٢٠١٩

ملاحظة

Here we are, back in the zones

Zooming in, my miscalculation becomes obvious. I expected the 4x band to hold it, but turns out it was the 5x band

Another look with the colored bands for better contrast