USDCAD-correction still in progress
Im strongly considering the possibility that correction for final primary wave 4 is not finished.
The current price action in developing a 3-3 structure that was contained nicely by the corrective channel shown on chart.
There are two perfect AB=CD patterns on H4 (see below) and D1 charts
We could expect a flat, triangle or complex combination from here.
First target : 0.61 fib expansion of A leg
Second target : 1.00 fib expansion of A leg
Best regards
The current price action in developing a 3-3 structure that was contained nicely by the corrective channel shown on chart.
There are two perfect AB=CD patterns on H4 (see below) and D1 charts
We could expect a flat, triangle or complex combination from here.
First target : 0.61 fib expansion of A leg
Second target : 1.00 fib expansion of A leg
Best regards