USDCAD exchange rate correction. We assume that this size will be half the previous downward wave. If the idea is correct, then the expected turn-off level, the correction line environment is 1.2153 levels. Then we expect a more intense rising section. This rise to 1,4398 levels. In time this level will be done by the end of the year. Then, due to the wave nature of the exchange rate, we expect correction to 1.3853 levels. Then a second rising wave. If the ascending ATR angles do not change significantly, the USDCAD exchange rate may reach 1.5606 by mid-April 2018.
I wish you were right but i'm afraid the 1.40's is impossible. Maybe if Employement reaches 500k for the next 3-4 reports, but since everyone is working....
If you are right, i'll give you 10k$ (CAD dollars!!) just because i'll have made 3M$!
If you are right, i'll give you 10k$ (CAD dollars!!) just because i'll have made 3M$!
Happy trading!