USDCAD | The best scenario for the fall 📝
Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism.
In this analysis, we examined wave b at higher timeframes.
In Wave b, the microwave b is in a position that cannot be said to be complete or incomplete.
Wave b is currently at 1.17 Fibo, but it also has the potential to climb to Fibo 1.618.
Due to the uncertainty of the completion of wave b, we determined for those two scenarios:
Orange Scenario: If the price crosses Fibo 1.27, the price can move to Fibo 1.618 and start from the c-wave area.
Blue Scenario: If wave b is completed in Fibo 1.27, the price will fall from this point to Fibo 0.50 to form c wave.
For Wave c, we set two Fibonacci targets of 0.50 and 0.618. The price has moving conditions close to the warning sign for the formation of wave b in higher timeframes, but if the price crosses this area, this analysis will field.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
In this analysis, we examined wave b at higher timeframes.
In Wave b, the microwave b is in a position that cannot be said to be complete or incomplete.
Wave b is currently at 1.17 Fibo, but it also has the potential to climb to Fibo 1.618.
Due to the uncertainty of the completion of wave b, we determined for those two scenarios:
Orange Scenario: If the price crosses Fibo 1.27, the price can move to Fibo 1.618 and start from the c-wave area.
Blue Scenario: If wave b is completed in Fibo 1.27, the price will fall from this point to Fibo 0.50 to form c wave.
For Wave c, we set two Fibonacci targets of 0.50 and 0.618. The price has moving conditions close to the warning sign for the formation of wave b in higher timeframes, but if the price crosses this area, this analysis will field.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️