Hello friends
In the USDCAD currency pair, we see the formation of a clear Elliott pattern.
We are currently in wave 4 of C or 3. According to the formation of 5 microwaves in wave 4, a zigzag should be forming, which has a structure of 5-3-5.
So we are waiting for a small wave 5 in wave 4 and then price growth to the range of 1.3850 and 1.3970.
Usually wave 4 appears long, boring and complicated, so you have to be patient.
The range of 1.3600 is also an important stake support, which is both numerically rogue and the permissible price correction range of wave 4.
This range is extremely attractive for a buying position.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
In the USDCAD currency pair, we see the formation of a clear Elliott pattern.
We are currently in wave 4 of C or 3. According to the formation of 5 microwaves in wave 4, a zigzag should be forming, which has a structure of 5-3-5.
So we are waiting for a small wave 5 in wave 4 and then price growth to the range of 1.3850 and 1.3970.
Usually wave 4 appears long, boring and complicated, so you have to be patient.
The range of 1.3600 is also an important stake support, which is both numerically rogue and the permissible price correction range of wave 4.
This range is extremely attractive for a buying position.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.