USDCAD | The best scenario for climbingđź“ť
Hello traders , USDCAD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
According to the count, waves 1, 2 and 3 of the leading downward trend have ended and are now within their 4th wave.
The general structure of wave 4 is a zigzag structure, and from this zigzag, waves a and b are formed in the form of a channel, and now there is no doubt between the end or incompleteness of wave c.
Wave c in our opinion has another 5 waves to complete and we will have the view until the bottom of the orange channel is broken.
The bottom of the orange channel was not broken and an ascent was formed, which is probably for wave 1 of wave 5 of c.
Waves a and b and wave c of wave 4 make up half of the head and shoulder pattern, and the rest of this pattern will continue to form as we continue to climb. The correction will continue for wave 4 to the bottom of the black channel and the ascent will continue for wave 5 to the ceiling of this channel.
If the specified range is completely broken and the bottom of the orange and black canal of this analysis is fielded and we enter the descending phase.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
According to the count, waves 1, 2 and 3 of the leading downward trend have ended and are now within their 4th wave.
The general structure of wave 4 is a zigzag structure, and from this zigzag, waves a and b are formed in the form of a channel, and now there is no doubt between the end or incompleteness of wave c.
Wave c in our opinion has another 5 waves to complete and we will have the view until the bottom of the orange channel is broken.
The bottom of the orange channel was not broken and an ascent was formed, which is probably for wave 1 of wave 5 of c.
Waves a and b and wave c of wave 4 make up half of the head and shoulder pattern, and the rest of this pattern will continue to form as we continue to climb. The correction will continue for wave 4 to the bottom of the black channel and the ascent will continue for wave 5 to the ceiling of this channel.
If the specified range is completely broken and the bottom of the orange and black canal of this analysis is fielded and we enter the descending phase.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️