USD/CAD Wave Analysis
The counter is currently in a 5-wave bear cycle.
It made a pullback in a w-pattern which could be interpreted as wave 4.
Now, it has topped out with a rejection candle and hence, we expect the pair to move to lower levels to complete wave 5.
The counter is currently in a 5-wave bear cycle.
It made a pullback in a w-pattern which could be interpreted as wave 4.
Now, it has topped out with a rejection candle and hence, we expect the pair to move to lower levels to complete wave 5.