WaveAnalysis
Long

USDCAD Long Trade Setup

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Hello Traders

Even though it has come down a lot, my expectation remains one more up impulse as C wave for the completion of the higher degree corrective structure. That's why I'm looking at the last drop as C wave inside of the expanding flat. 0.886 retracements of upward swing, 0.414 extensions of blue A and 0.118 extensions of yellow A have been tagged by the last drop . After that, it got a reaction which can be the reversal impulse. Now, I'm waiting for a correction to place a pending order. My target is the breaking of the previous top. It can come down a little bit more, as long as it stays above the white line, I'll keep looking for long trade setups.

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Trade with care.
Bulent
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