USDCAD, Due for an ABC Correction?
Price completed the 5th wave in the EW setup and is onto forming an ABC correction.
Price had also presented a head and shoulder which works as an additional confirmation for the potential downside movement with respect to the analysis
Previous support is looking to be broken out with a relatively strong bearish momentum, which would turn to current resistance once a retest confirmation is formed, and would open up a trading range to go short towards next key support.
Price had also presented a head and shoulder which works as an additional confirmation for the potential downside movement with respect to the analysis
Previous support is looking to be broken out with a relatively strong bearish momentum, which would turn to current resistance once a retest confirmation is formed, and would open up a trading range to go short towards next key support.
Penafian
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