USDCAD-Waiting for the downtrend expansion

U.S. Dollar/Canadian DollarFXCM

설명

⋅ 2021년 2월 7일 오전 9시 12분

As you can see in the daily chart, we are waiting for the descending trend up to the range of 1.2039.
In the 240-minute chart, wave iii from sub-waves of (iii) has ended in the range of 1.2588, and its correction has ended in the range of 1.2882, the price currently is in the last wave of the downtrend, in wave (iii).

코멘트

AIRFOREXONE

⋅ 2021년 2월 7일 오후 10시 11분

I see long but your chart is nice

UnknownUnicorn3382580

⋅ 2021년 2월 7일 오후 8시 52분

If i am not mistakens, diagonals may not be in third waves

ProficientForex

⋅ 2021년 2월 8일 오전 5시 20분

@WXYXXZ, You are right, but take this note that the diagonal pattern is forming in 5th wave, and this is the 5th wave from point 3.

UnknownUnicorn3382580

⋅ 2021년 2월 8일 오전 7시 1분

Sure, I see) Have a nice day and thank you for the analysis!

ProjectSyndicate

⋅ 2021년 2월 7일 오전 9시 34분

excellent setup for USDCAD traders. well done!