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USDCAD - Bearish Wave Analysis 4H

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
WavePrinciple-Net  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis
2
0
trendanalysis chartpattern waveanalysis
After doing a big impulse down, it's making a correction wave B after touching 0.618.

That may lead to make it bounce at the next step, 0.786 at wave C.

MACD and RSI are dropping, forming a divergence with price movement.

Alligator are about to cross.

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