RavingEagle
Long

Elliott Waves, potential for Wave 4 Breakout

FX:USDCAD   U.S. Dollar/Canadian Dollar
195 0 0
Market Indecision at Wave 4 Triangle, to be potentially followed by a breakout to the upside,
respecting and continuing the previous Bullish trend (weakened CAD, due to correlation with Bearish trend on Crude Oil             ).

Shorter term Risk/Reward ratio (based on Fibonacci + recent Price Action Highs) about 1 : 1.6
Longer term Risk/Reward ratio (based on Fibonacci extension projection) about 1 : 3.44

Could be interesting...
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out