Time for bulls to appear!
Hi guys!
USDCAD is on its way to complete its correction wave (wave 2), and there is a bearish flag at a temporary bullish movement which shows the demand for rising in price, and also some point of a harmonic pattern can be shaped during possible points for reversal, also there is a strong divergence in MACD for breaking the downtrend line, so in my opinion there can be a rise in price for completing both wave c and wave 2.
I only take action when the flag is broken.
wish you all a great week!
USDCAD is on its way to complete its correction wave (wave 2), and there is a bearish flag at a temporary bullish movement which shows the demand for rising in price, and also some point of a harmonic pattern can be shaped during possible points for reversal, also there is a strong divergence in MACD for breaking the downtrend line, so in my opinion there can be a rise in price for completing both wave c and wave 2.
I only take action when the flag is broken.
wish you all a great week!
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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.