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.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.