#USDCAD expecting wave 3 of 5
As can be seen, the price appears to be completing the first and second waves of wave 5. If we see a bullish breakout of our buy setup, we can assume that the 3rd wave is on its way. As a result, after that, any bearish retracement is a buying opportunity.
This analysis is triggered once the price breaks above the previous high.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
This analysis is triggered once the price breaks above the previous high.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
Trade closed: target reached
This analysis has reached it target and we are out of this position by catching wave 3 of five.Now we are looking at oil as I posted yesterday since its forming a good opportunity to trade.
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Related publications
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.