waleedkhan
Long

Usdcad elliott wave scenario

FX:USDCAD   U.S. Dollar/Canadian Dollar
Usdcad             elliottwave scenario

The highligted box is a possible consolidation area if the wave turns out to be a sideways (corrective wave), as indicated by the blue dotted lines...
My highlighted box area was a little premature... there is a nice bullish pinbar which has kept the wave structure in tact...and if it does extend beyond then it might just be the 5th wave
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weak news should help propel this pair higher now...
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target hit...can expect a retracement soon.
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waleedkhan waleedkhan
Target was hitt 161.8 fib ext level.

Will look to short if I start seeing reversal or indecision candles forming...
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