TradingEW
Long

USDCAD in complex correction

FX:USDCAD   U.S. Dollar/Canadian Dollar
60 8 2
Still in the middle of complex correction, range trading setup on an impulse c wave rally of (b).

Longer term view:
snapshot
As waves evolved, a refined minor wave count appears with two possible scenarios :

snapshot
Reply
looks nice :)
+1 Reply
Hope it works too.
+1 Reply
wwfm TradingEW
oil will make major impact on CAD, I see bullish flag on daily chart so maybe we correct about it
+1 Reply
Come to think of it, USOil is still in middle of a minor corrective rally, may go well with USDCAD.
snapshot
Reply
wwfm TradingEW
yes thats what i think, any downtrend in oil even couple $ will push CAD dramatically lower
+1 Reply
wwfm TradingEW
well looks like maybe correction not over :)
Reply
Yes, tidying up the loose ends :
snapshot
+1 Reply
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