Looking at the monthly chart i truly believe that usdcad uptrend comes to an end. Looking at the daily we can clearly see an uptrend with price having already 3 elliott waves . Price is now testing a key support level and if we don't witness a breakout we can say that we have and wave 4 completed.
In the 4h chart we see a RSI divergence we is a sign that price will reverse. A nice way to trade this setup is to wait for a bullishharmonic pattern to form in the lower timeframes. Stoploss and profit targets as shoen in the chart.
Yes, was looking at the same.
Max support there. The next one is the high volume node below it. 1.25
If this holds we might see a relief rally.
I don't think the wave count is valid though, but the message is coherent. The targets look optimistic for dollar, it's very weak overall.