USDCAD Elliot impulse wave formation
USDCAD
*Which inturns its affects the CAD negatively
*Currently in USDCAD Elliot wave if forming, Wave 01 is completed and wave 02 is forming
*We can expect to close this wave at resistance level 1.42100 which is also a 61.8% Fibonacci
*From this level we can open short positions and the primary target would be 1.37270 which is a 1.272% Fibonacci
*And the final target would be 1.33280 which we are expecting the point where the wave 05 going to close
*Stop lose may placed above the 1.43050 level which is a 50% Fibonacci
*Leave your comments below
*Which inturns its affects the CAD negatively
*Currently in USDCAD Elliot wave if forming, Wave 01 is completed and wave 02 is forming
*We can expect to close this wave at resistance level 1.42100 which is also a 61.8% Fibonacci
*From this level we can open short positions and the primary target would be 1.37270 which is a 1.272% Fibonacci
*And the final target would be 1.33280 which we are expecting the point where the wave 05 going to close
*Stop lose may placed above the 1.43050 level which is a 50% Fibonacci
*Leave your comments below
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