Bandarsq

Bullish Uptrend is Taking Place

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD targets 1.36 to form wave (c).
Comment: The pair is determined to test the downtrend.
Comment: Breakout!
Comment: A more solid breakout.
Comment: The pair is still within the channel.
It's never been a free market and will never be.

Comments

Did you consider this scenario?
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Bandarsq lawlee9
Yes Exactly but b in your chart is not done yet.
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lawlee9 Bandarsq
There was a 2 wave pattern from a to b, and then a break down. Wouldn't tha constitute a finalized b?
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Bandarsq lawlee9
abc waves should be equivalent to 12345 in terms of size of retracement. I suggest you use Fib levels.
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Could be a triangle as well; (c) would than between 1.295 and 1.31 and (d) and (e) would follow. In any case, if (c) should develop as sketched out above, it would have to have an impulse structure consisting of 5 waves. If it is a mere 3 wave move, it'll be a triangle.
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Bandarsq Parabolica
The downtrend will determine it. The triangle would be too big imo.
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Parabolica Bandarsq
I might be proven correct...
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Bandarsq ElPatron.Y
Thanks for sharing.
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SL please
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