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USDCAD - BUY IDEA

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Dólar Americano/Dólar Canadense (FX:USDCAD)  
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FX:USDCAD   Dólar Americano/Dólar Canadense
Technical Indicators Wave Analysis Gann USDCAD usdcadlong forexsignals trading investing newsignal freesignals signalservice telegramsignals
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indicator waveanalysis gann usdcad usdcadlong forexsignals trading investing newsignal freesignals signalservice telegramsignals
Analyzing USD/CAD on the 4-hour chart using Elliott Wave Theory, I observed that wave (4) marked the end of the recent downward correction. Following this, I am expecting wave (5) to initiate an upward move. The potential target for wave (5) is around 1.4000, which corresponds to the 1.618 extension of wave (3). This setup suggests a long position on USD/CAD.
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