Corrective Pattern Set up USDCAD for Wave C Rally
USDCAD seems to have completed a double zigzag corrective pattern in wave (B). This corrective pattern bottomed at a confluence level comprises 78.6 Fib and Fib extension zone where wave (y) = wave (x) - one of the guidelines to identify completion of the zigzag pattern.
Price has the potential to move toward the upper blue zone, the breach of the confirmation level will further confirm the correction has completed and the rally has resumed.
Here is my Traditional Technical Analysis on USDCAD.
Price has the potential to move toward the upper blue zone, the breach of the confirmation level will further confirm the correction has completed and the rally has resumed.
Here is my Traditional Technical Analysis on USDCAD.
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