USDCAD- case of Ending diagonal

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Very soon there will be a trend reversal in the pair USDCAD. The current price structure is forming an ending diagonal which is going to complete the long term corrective wave A-B-C started in the month of march. The another reason for expecting a trend reversal is the bottom formation of dollar index, which clearly suggests that major reversal going to take place. Important levels are 1.30800 as the last & Above: 1.32400 reversal confirmation.
Trade attivo
started moving up
eliottwavetheoryelliottwavecorrectionelliottwaveforecastselliottwaveprojectionElliott WaveelliotwaveanalysisEnding DiagonalTriangle WaveUSDCAD

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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