USDCAD- B-Wave finishes in the zone1.3230-1.3240 zone(60-70pips)

FX:USDCAD   U.S. Dollar/Canadian Dollar
118 2 5
USDCAD             pushed up in a B - wave from lows@1. 3170's to current High@1. 3230. We are likely to finish B-Wave Upside & Shall look for a retracement in C-Wave             -which will be confirmed once UCAD starts moving below 1.3210 & sustains below that level.

C-Wave             measures equality in the zone 1.3125-1.3135 which is also confluenced by 50% retracement -likely suggesting that zone could be the halting zone before it starts upside again.

It's a temporary peak -shall correct to have much bigger move - yellow wave-i had high-1.3235 was retraced 50% by yellow wave -ii making a low@1.3000 on the FED decision day. Since then we moved 1st wave in iii-wave. Currently moving into 2nd wave of iii-wave. This 2nd wave is discussed above (which has opened in 3 waves A-B-C)

What next?
We are waiting for C-wave             to finish 2nd wave in yellow iii-wave. Targets for iii             -wave could be same distance as of i-wave which comes in the zone 1.3410-1.3415 or 161.8% of yellow wave-i which comes in the zone 1.3665-1.3675

USDCAD- 5th Wave was sub-divided making a high@1.3275
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Youtube TradingView Intro Video https://www.youtube.com/watch?v=_lD
What do you think now? I feel the big wave B is over and now we enter a big wave c to take us to 1.15?
@asifrazzaq, UJ & UC have same correlation so as UJ is moving for corrective sequence from tops@109.75 - UC will also likely to move same path then one more push up & both will top at same time.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out