We have a clear 5 waves up on USDCAD chart. The 5th wave is extended and in the form of ending diagonal. Now I see the first bearish impulse on the 15 min. chart. Wait for the correction and expect a drop down towards 1.3530. Take care.....
I am bullish on dollar index as long as it is above 99.80. It seems that it is completed double zigzag. Of course it can make one more leg down to make a triple zigzag. I dont trade DXY it is a filter for me and it is telling me NOT TO TRADE AGAINST THE DOLLAR next week
First impulsive wave was completed last week and I think the correction is over. As you can see on the chart an impulsive wave occured. This wave is possibly the first wave of the third wave of higher degree. good luck. Take care
I see a very clear 5 waves move up after the correction a-b-c. So I anticipate at least one more move up. But don't keep your expectation too high because the last move and next anticipated move could be a part of a higher degree correction like a triangle.