karndam
Long

USDCAD - E. Wave analysis W2?

FX:USDCAD   U.S. Dollar / Canadian Dollar
34 0 2
It is in the wave 1 - 2 state. From RSI , it shows that Wave C is finished.

2 scenario can do.
1. If it is the reversal point. it will go up to make Wave 3.
2. If it not the reversal point, it will go down for 61.8, 78.6 retracement.
Comment: Scenario 1 is complete!
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