ForexPhantom
Long

USDCAD - Long within wave V

FX:USDCAD   U.S. Dollar / Canadian Dollar
Dear community,

I will kick this week off with a long idea on USDCAD . As I believe the price is currently forming a wave IV and eventually break out, starting a final wave V within the cycle.

As per the moment I am opening a long trade. The price is sitting within a perfect Fibonacci retracement level, which makes it, given the Elliot Wave count as I believe it, very attractive.

I will keep you posted about all actions I take within the trade. Like this idea, or follow me to receive alerts.

Good luck!

Alysson x
check out EW rules. Your waves 4 can´t be under wave 1.
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ForexPhantom cryptotargets
@cryptotargets, you are correct. Potentially a converging triangle?
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