Shin_ichimoku

Wave Analysis with ichimoku USDCAD

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
1️⃣ From the point of view of the weekly time frame, the line trend is not clear yet and is still sideways in a fairly stable range.

2️⃣ With the d1 time frame chart, we can analyze a balanced pattern on both x, y axis. According to the Western wave pattern analysis method, this is called the ABCD pattern , in which the sides AB=CD .
However, if we look at it from the perspective of ichimoku , we will call this wave N. But the difference in ichimoku from the western pattern PT is the analysis of the balance of the X axis (time).

After creating balance, the price line is likely to reverse at point D or at the end of wave N.

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