USDCAD Elliott wave Wave C Buy

Bullish Engulfing printed on the Weekly Chart, the candle bounced off a Weekly Support/Resistance Line. Going down to the 4 Hour Time Frame, I can identify 5 Waves that do not overlap. This gives us the opportunity to "track" the Retrace and see if we can identify it's completion. Mindful of the idea that it could coincide with the FOMC.