USDCAD might see a pull-back soon
Updated
The current upward trend looks more like a wave A of corrective wave 4 of larger degree than the impulsive wave 5. I am expecting a pullback around sub-wave 2 of wave C (Ending diagonals). I am currently targeting around sub-wave 2 of wave C.
Trade active
Even though the mentioned invalidation point was hit, I am still not satisfied with the price action and i am still in my short. The updated chart is shown below
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