USDCAD Long Trade Setup

20 Mei 2021

Since the previous weekly low was broken, we may have a complete regular flat. In this case, it will go up and break the previous top at 1.47. Of course, the C wave might not be finished. In this case, we will have a correction and more downside. Now, I'm waiting for the A wave to take a long trade. Although my expectation is a bigger correction, I don't want to miss the next impulse if it goes up directly. If it makes the B wave, I'll hedge my trade.