As we can see that USD/CAD has completed five waves up in weekly cycle and now it is correcting the whole cycle of five waves by a Zig Zag Pattern (ABC)/(5-3-5). Currently it has completed the B part of ZigZag by a running flat structure with a bearish hidden divergence. So there is a great oppurtunity here to enter a weekly trend by shorting USD/CAD
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.