USDCAD LONG TERM SHORT! JUST 1 PROBABILITY
OKAY okay loonie has been such a player lately with our elliot wave mates having a blast lately {smalll rant there LOL}. SO since its June technically mid year i thought id do Forecast o the future o USDCAD.Or at least one possibility of it being the case.
the pair may have met some criteria for going into a liquidation wonderland, basically a 123 bearish channel, that whole red rectangle being the first bounce higher and lower. over the next months of price action may bounce on the turning points i have marked with the red sideways lines {because the words vertical and horizontal i still tend to confuse alot} heading to the last one which would be the bullish threshold of being bulls aka structural retest. this could take anytime to play out and im going to commit to updating and following the cross just to see whether this is ifnact the case
the pair may have met some criteria for going into a liquidation wonderland, basically a 123 bearish channel, that whole red rectangle being the first bounce higher and lower. over the next months of price action may bounce on the turning points i have marked with the red sideways lines {because the words vertical and horizontal i still tend to confuse alot} heading to the last one which would be the bullish threshold of being bulls aka structural retest. this could take anytime to play out and im going to commit to updating and following the cross just to see whether this is ifnact the case