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USDCAD Alternative views #USDCAD

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Alternative 1 and 2 of USDCAD

I see this pair going up/long in the near future but for now, there seems to be a contracting triangle forming and I see this as a sign by having the inner wave giving us impulse and corrections.

Elliot wave principle states that Triangle is a pattern seen during sideways market consolidations and is composed of 5 corrective sequences. It presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility.

Not
Triangle invalidated. Now just a simple WXY structure.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.