ENDING DIAGONAL in USDCAD 1H.
Since yesterday I was trying to understand the kind of corrective pattern that is forming in USDCAD, today I have come with this pattern. We expect the price to rise up to wave number 5 of wave "C" of the ABC flat correction. After this movement the price will fall forming the wave that will be wave 1 of an impulse or an ABC structure if there will be combination of corrective patterns.
If the wave formed will be wave 1, we expect a long sell, but if will be ABC pattern the price will rise again to reach the target price at 0.23 Fibonacci level. We have news today on USD, these may affect the overall path projected. KEEP WATCHING.
If the wave formed will be wave 1, we expect a long sell, but if will be ABC pattern the price will rise again to reach the target price at 0.23 Fibonacci level. We have news today on USD, these may affect the overall path projected. KEEP WATCHING.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.