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nelsyboy
Apr 19, 2023 6:41 PM

USD/CAD Possible Path  Long

U.S. Dollar/Canadian DollarFXCM

Description

It appears a re-trace is underway and hopefully the Elliott Wave mini pattern will work out to be correct. Momentum indicator already shows to be the right side of the MA line. MACD not quite crossed. I would like to see price fall back as part of wave B. Momentum to stay positive and the MACD to have not only crossed but to have also reached the line I have drawn on the indicator. I will be looking to BUY at the bottom of wave B providing all parameters mentioned are met.
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