USDCAD good long candidate.

USDCAD CMP 1.27779

Elliot wave study.
Currency is on verge to complete its impulse phase,, wave 5 of impulse phase is on verge to complete,, if corrective phase A-B-C unfolds.. good rally can be seen ,,
Double bottom formation around 1.26800 levels or support from mid line of falling channel can be seen, from where good reversal is possible..
Will wait for reversal confirmation and go long accordingly..

Good long candidate....
elliotwaveanalysisTrend AnalysisWave Analysis

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