USDCAD Elliott Wave Analysis
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Hello friends,
We are witnessing a 5-wave impulse pattern in the USDCAD currency pair.
Waves 1 to 4 have been completed.
Wave 3 has 5 complete subwaves.
Wave 5 also has 4 complete subwaves and wave 5 of 5 has started to complete.
So, according to the above theory, we can enter a buy position with a stop loss of 1.39300.
The profit limit can also be considered 1.4200, which is also the density of Fibonacci levels.
To support me, I recommend installing the Trading View software on your phone and see my analyses and support me with your comments and Boost. Be successful and profitable.
We are witnessing a 5-wave impulse pattern in the USDCAD currency pair.
Waves 1 to 4 have been completed.
Wave 3 has 5 complete subwaves.
Wave 5 also has 4 complete subwaves and wave 5 of 5 has started to complete.
So, according to the above theory, we can enter a buy position with a stop loss of 1.39300.
The profit limit can also be considered 1.4200, which is also the density of Fibonacci levels.
To support me, I recommend installing the Trading View software on your phone and see my analyses and support me with your comments and Boost. Be successful and profitable.
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