USDCAD Elliott Wave Analysishello friends
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.
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