USDCAD-correction still in progress

FX:USDCAD   U.S. Dollar / Canadian Dollar
1032 8 27
Im strongly considering the possibility that correction for final primary wave 4 is not finished.
The current price action in developing a 3-3 structure that was contained nicely by the corrective channel shown on chart.
There are two perfect AB=CD patterns on H4 (see below) and D1 charts

We could expect a flat, triangle or complex combination from here.
First target : 0.61 fib expansion of A leg
Second target : 1.00 fib expansion of A leg

Best regards
What if the shooting star gets invalidated? Are you still short then? I found this pair co-related to crude oil.
is it too late to enter now in short?
This is my current take on UC as well.
Corrective structure intact.
FullTimeTrader IvanLabrie
You were right we had a gap down on EURUSD, a nice chance to enter or add long.
IvanLabrie FullTimeTrader
I'm long already. And long gbpusd.
Potential is interesting.
Minimum is triangle D completion if my count is wrong.
If not this is the start of a strong impulse up.
AA15 IvanLabrie
What position did u long GU?
Market bought and placed a limit buy lower. Posted a setup.
Nice 1.61 fib expansion on H4 chart:
+2 Reply
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