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WicktatorFX
May 6, 2021 3:11 PM

USDCAD - The Bigger Picture - The Next Big Impulse! 

U.S. Dollar/Canadian DollarFXCM

Description

From our previous analysis, we had to step back and separate which part was an impulse and correction and label correctly to identify where we have the highest probability of taking a trade.

As you can see from the chart, we are approaching the end of the C wave (1.206) where we will be looking for buying pressure.
If we copy the length of the first Major impulse and paste it at the bottom of wave C, the impulse takes us EXACTLY back to All Time Highs! That can't be a coincidence! Can it?

See chart update for the smaller timeframe analysis.

Comment

USDCAD 12H

Comment

4H
Comments
Wasimullahshah
High probability tomorrow is also high impact news of Usd and cad.. Let see what happened.
Check factory Forex for news
josejdsteamgoal
Thank you!!
Atir
thank you
Sam-Chan-
Hello, great chart. Quick question. What is your take on CAD, will out perform USD due to forthcoming boom in oil and commodity on which Canadian Economy?
yonisbashir253
Nice technically good luck
JayloSavaj
Generally CAD becoming weaker in May month and USD becoming strong in May month. So this also match with your analysis sir. Great possibility of reversal.
humblehighpriest
Following you on this closely. Have been on the sell for close to 5 weeks . Will be interesting to see how it revises.
MulubwasFX
Amazing display 🏌‍♂️
ajviral
Great job as always!
Thank you for always putting out clean, clear-cut analysis which speak for themselves. 💪💥❣️
You are awesome, a price action pro and you are a great teacher. Love you @Wickator
javs19
Completely agree, looking forward to the break!!
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