USDCAD Elliott Wave Analysis
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In the USDCAD currency pair, we see the formation of a 5-wave Elliott pattern.
This clear pattern consists of 5 waves.
Only wave 5 has many details and wave 3 is stretched.
Wave 5 has formed an ascending channel, and when this channel is broken and a pullback is placed on it, you can enter into a sell transaction.
The confirmation of this theory is the divergence between waves 3 and 5, and this divergence can also be seen between the microwaves of wave 5.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
In the USDCAD currency pair, we see the formation of a 5-wave Elliott pattern.
This clear pattern consists of 5 waves.
Only wave 5 has many details and wave 3 is stretched.
Wave 5 has formed an ascending channel, and when this channel is broken and a pullback is placed on it, you can enter into a sell transaction.
The confirmation of this theory is the divergence between waves 3 and 5, and this divergence can also be seen between the microwaves of wave 5.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
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