Elliott Wave Analysis : USDCAD In Bullish Mode

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 11, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDCAD exploded higher at the end of the week which was expected as we recognized a completed corrective set-back at 1.3038, labeled as wave 2. As such, current strong upward reaction can still be only a start of a wave 3 that can move up to 1.3550 area this month. In the meantime any small retracement lower will be corrective, but it should stay above 1.3140 otherwise bulls will be in trouble. USDCAD, 4H

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