USDCAD Technical Analysis

50
Potential Long

Wave Analysis:
  • Wave x completed.
  • Wave y to be completed unless Wave x get more complicated.


Price analysis:
*Bounced form 1.3086 level.(Validation Level)
*Engulfing Bullish 4hour Candle about to close.

Involvement:
If the 4hour candle closes engulfing then we will be looking at entering Long in lower time frame.

Catch the Wave
Trade with LT form "The Traders House"

PS: Comments are welcome

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.