Começar
Veejahbee

USDCAD Is Heading Lower To Complete A Five-Wave Sequence

Viés de baixa
Dólar Americano/Dólar Canadense (FX:USDCAD)  
Veejahbee  
FX:USDCAD   Dólar Americano/Dólar Canadense
Trend Analysis Chart Patterns Wave Analysis USDCAD usdcadshort usdcadsetup usdcadsell
3
1
trendanalysis chartpattern waveanalysis usdcad usdcadshort usdcadsetup usdcadsell
The decline from 1.2654 high is taking the shape of a five-wave impulse pattern. The price seems to be in wave iv of the sequence and the corrective wave iv unfolded as a triangle.

According to Elliott Wave theory, a triangle usually precedes the last swing of a sequence. If this count is correct, the price should extend lower to complete wave v of the impulse.

What's your view on USDCAD? Let me know in the comment.
Thanks for reading!
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.