USDCAD update on preparing for a rise in price.
I am still convinced that a bit soon price might turn bullish as price has reached a nice price support which I see it perhaps picking up.
I wave projected primary wave (X) at the 61.8% fibonacci retracement level. With wave (X) assuming have unfolded with a three wave move as per guideline, intermediate wave (B) unfolded as a triangle which signaled the final wave to the original trend of the correction.
The current bullish move might signal a turn around in price right at the fib support line.
I wave projected primary wave (X) at the 61.8% fibonacci retracement level. With wave (X) assuming have unfolded with a three wave move as per guideline, intermediate wave (B) unfolded as a triangle which signaled the final wave to the original trend of the correction.
The current bullish move might signal a turn around in price right at the fib support line.
