Seems like there is still some juice left to reach the upper channel trendline, where the wave counts complete. Before jumping long in USDCAD, I would wait for this point to be reached and the Oil changing it's course. USDCAD is also at the boundary of it's own trend channel (analysis will follow), with a wedge noticed at minor timeframe levels. Not the perfect time to enter long with this pair. Shall wait.
Comment:
still room to go up, albeit not too much.
Comment:
Breakout occurred. Time to go long on USDCAD.
