USD/CAD Price is showing the early stages of a bullish (C) leg after a large corrective sequence. The chart labels show a completed corrective (B) low at the horizontal support and an impulsive 1–2 sequence unfolding for the new upward leg. Bias: bullish while price holds above the demand zone/wave-2 low.
The market completed an ABC correction that found support on the horizontal lower boundary. That corrective phase looks finished; we should now be in wave (C) up, the final leg of the correction.
Short-term momentum has flipped, with buyers stepping in at support. This favors trend-following longs into the extension leg (wave 3 → 5)
Target 1 (T1): 1.38408
Target 2 (T2): 1.38810
Stop-Loss (SL): 1.37195
The market completed an ABC correction that found support on the horizontal lower boundary. That corrective phase looks finished; we should now be in wave (C) up, the final leg of the correction.
Short-term momentum has flipped, with buyers stepping in at support. This favors trend-following longs into the extension leg (wave 3 → 5)
Target 1 (T1): 1.38408
Target 2 (T2): 1.38810
Stop-Loss (SL): 1.37195
Operación cerrada: objetivo alcanzado
Enjoy the profit!
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Life-time free telegram channel - t.me/moneydictators
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.