USDCAD -1000pip Move Coming! ✅
USDCAD is currently in wave 4, which is a WXY correction.
Wave W = 535 ZigZag Correction
Wave X = 335 Flat Correction
Wave Y = 535 ZigZag correction
We are currently in wave Y = Zigzag. We can see that wave A had 5 waves, wave B had 3 waves and now we're in wave C. We've see subwaves 1, 2 and 3. We are waiting for subwave 4 to appear and one final move lower to complete the 5th subwave for wave C.
We will then look for an entry to catch the next massive impulse higher which will likely be 1000+ pip.
Trade Idea:
- watch for subwave 4 to appear and catch the final move lower
- once 5th subwave lower appears, look for reversal patterns to indicate strength
- Targets: 1.385 (650pips), 1.4 (780pips), 1.42 (1000pips)
See linked charts for our previous analysis.
Goodluck and as always, trade safe!
Wave W = 535 ZigZag Correction
Wave X = 335 Flat Correction
Wave Y = 535 ZigZag correction
We are currently in wave Y = Zigzag. We can see that wave A had 5 waves, wave B had 3 waves and now we're in wave C. We've see subwaves 1, 2 and 3. We are waiting for subwave 4 to appear and one final move lower to complete the 5th subwave for wave C.
We will then look for an entry to catch the next massive impulse higher which will likely be 1000+ pip.
Trade Idea:
- watch for subwave 4 to appear and catch the final move lower
- once 5th subwave lower appears, look for reversal patterns to indicate strength
- Targets: 1.385 (650pips), 1.4 (780pips), 1.42 (1000pips)
See linked charts for our previous analysis.
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
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Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.