Simple analysis for USDCAD
Updated
Elliot Wave finish. ABC finish with a triangle pattern. Second ABC will finish the strange uptrend that seemed to not finish, but finally found the IV of the W.E. meaning that chart should go bullish and reach 300% of fibonacci.
- It wasn't easy. It's my first time seeing an uptrend with so many waves.
- Fibonacci is within 2 and 4 peak of E.W.
- News are on stand by so, it should go according to plan.
[i]Unless it makes another wave...
Trade active
They are some charts that have such a strange way to move and this is one of them.
Trade active
Finally went bullish. Let's wait and on target sell.
Trade closed: target reached
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