USDCAD-Waiting for the downtrend expansion

U.S. Dollar/Canadian DollarFXCM

Deskripsi

⋅ 7 Feb 2021 pukul 09.12

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).

Komentar

AIRFOREXONE

⋅ 7 Feb 2021 pukul 22.11

I see long but your chart is nice

UnknownUnicorn3382580

⋅ 7 Feb 2021 pukul 20.52

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

ProficientForex

⋅ 8 Feb 2021 pukul 05.20

@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

⋅ 8 Feb 2021 pukul 07.01

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

ProjectSyndicate

⋅ 7 Feb 2021 pukul 09.34

excellent setup for USDCAD traders. well done!

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