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The article covers the following topics:
Main meals
- The main scenario: Consider long sites of corrections higher than 1.3753 with 1.4300 – 1.4800. Buy signal: The price exceeds 1.3753. Stop loss: less than 1.3720, take profits: 1.4300 – 1.4800.
- An alternative scenario: The penetration and unification below the 1.3753 level will allow the husband to continue to decrease to 1.3575 – 1.3427 levels. Selling signal: The 1.3753 level is broken to the downside. Stop loss: above 1.3790, take profits: 1.3575 – 1.3427.
The main scenario
Consider long sites of corrections higher than 1.3753 with 1.4300 – 1.4800.
Alternative
The penetration and unification below the 1.3753 level will allow the husband to continue to decrease to 1.3575 – 1.3427 levels.
analysis
The Fifth Fifth Wave is supposed to continue with the 5 Grand Class 5 in the weekly graph, with the formation of the wave (5) of 5 as part of it. The third wave of the smallest degree 3 of (5) appears to have been formed on the daily chart. It seems that a local correction has been completed as the fourth wave 4 of (5), with the formation of the C wave of 4 as part as part. Apparently, the 5th wave of 5 of (5) began to develop on the H4 timeline, with the development of the I 5 as part of it. If the assumption is correct, USD/CAD The husband will continue to rise to 1.4300 – 1.4800 levels. The 1.3753 level is very important in this scenario, as the husband will be able to continue to decrease to 1.3575 – 1.3427 levels.
This expectation depends on Elliot wave theory. When developing trading strategies, it is necessary to consider the basic factors, as the market situation can change at any time.
Usdcad price scheme in actual time
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