USDCAD Weekly Wave count
That's just an chart with weekly wave count prepared for an daily time frame bases Idea.
Everything is in line here, Wave 1 was an strong impulse, then choppy and quite flat correction which was bigger then 50% of wave 1. Long and steady rise as wave 3 also makes perfect sense with an shalow correction as wave 4 whuch stopped at 38,2% Fibo Retracement. If wave 5 should be similiar to 3rd then the long term target would be around 1,20-1,22 levels.
Everything is in line here, Wave 1 was an strong impulse, then choppy and quite flat correction which was bigger then 50% of wave 1. Long and steady rise as wave 3 also makes perfect sense with an shalow correction as wave 4 whuch stopped at 38,2% Fibo Retracement. If wave 5 should be similiar to 3rd then the long term target would be around 1,20-1,22 levels.
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