USDCAD Wave C in Progress, Short Position Taken!!

After a 5 Wave Impulsive move USDCAD is going through correction of which Wave A and Wave B are completed and Final Wave C is in progress. An Equal move of Wave A = Wave C would be 1.0836 but one can expect a down further extended toward 1.0800 to 1.0750 where 61.8% retracement would be done as well as weekly up trendline appears from where an Impulsive Intermediate Wave 3 begins which will be go towards new highs for USDCAD. One can go short now with above mentioned risk rewards ratio.

Happy Trading!!