Corrective wave in USDCAD

10 Oca 2019

In the histogram of the elliott oscillator a decrease in the volume of sellers is observed, it begins to show divergence what anticipates an increase in the price, the correction is about to be made, it is a correction where at least 38% is expected. The impulse wave speculates a behavior similar to wave 2 above. A take profit by 150 pips in a long, the price could reach 1.33282 once the trend changes, the change could happen around 1.31634, so we could set a buy limit order for that price