This pair will continue the down momentum until 25-27 August. At this time new force will kick in, 25-27 August is the time to BUY.
If this pair continue to down after 27 August this analyze is invalid.
USDCAD in weekly TF shown the main up trend is finished:
- Correction from May.2016 to May.2017 had 1332 pips
- Correction from Sep.2017 to Jun.2018 had 1328 pips, missed 4 pips only for AB=CD pattern.
- Correction from Sep.2017 to Jun.2018 was 3 drive pattern, each move up has 850 pips.
So cautions to any buy order , better go short !