USDCAD Elliott wave analysis - 3-wave bearish correction to 1.26

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Apr 2, 2018 9:47 AM

Between 1st February and 19th March, USDCAD completed an important impulse wave pattern. A-b-c bearish correction is now following. Seems wave b would rally further to 1.3 before wave c takes over in a bearish move to 1.26.

Trade closed: target reached

⋅ May 10, 2018 7:14 AM

The final target was reached downside