Get started
RavingEagle

Elliott Waves, potential for Wave 4 Breakout

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
RavingEagle  
FX:USDCAD   U.S. Dollar / Canadian Dollar
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...
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.