USDCAD - Long within wave V

Dear community,

I will kick this week off with a long idea on USDCAD. As I believe the price is currently forming a wave IV and eventually break out, starting a final wave V within the cycle.

As per the moment I am opening a long trade. The price is sitting within a perfect Fibonacci retracement level, which makes it, given the Elliot Wave count as I believe it, very attractive.

I will keep you posted about all actions I take within the trade. Like this idea, or follow me to receive alerts.

Good luck!

Alysson x