Hello Traders,
Trust you are great.
Below is my Elliott wave analysis of USDCAD currency pair
Analysis:
The structure of the USDCAD currency pair suggests the formation of an irregular Flat corrective pattern. The initial Wave A has taken the form of a leading diagonal, moving downward.
Current State:
Wave B appears to have completed its formation. The next expected movement is the formation of Wave C.
Expectation:
An impulsive Wave C is anticipated to move upward towards the 1.37445 - 1.38147 region before a subsequent decline.
Invalidation level for the upside projection: 1.3605.
Cheers!
Trust you are great.
Below is my Elliott wave analysis of USDCAD currency pair
Analysis:
The structure of the USDCAD currency pair suggests the formation of an irregular Flat corrective pattern. The initial Wave A has taken the form of a leading diagonal, moving downward.
Current State:
Wave B appears to have completed its formation. The next expected movement is the formation of Wave C.
Expectation:
An impulsive Wave C is anticipated to move upward towards the 1.37445 - 1.38147 region before a subsequent decline.
Invalidation level for the upside projection: 1.3605.
Cheers!
ノート
UPDATE: Invalidation area adjusted. Idea still appears valid.Let's see.
ノート
The pair did just as predicted. It has done over 100pips so far. ノート
Now, reversal can occur any moment from now. Be on the lookout for confirming price action.Cheers guys.
ノート
USDCAD did +117pips.トレード終了: 利益確定目標に到達
ノート
UPDATE: Reversal to the downside supported by bearish Gartley. First target is 1.36720.ノート
UPDATE: After the completion of initial upward move, price dropped by +85pips just as predicted.Elliott wave projection:
Harmonic projection:
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