USDCAD: Impulse Wave Points to Higher Levels

21. Sept.

USD/CAD Price is showing the early stages of a bullish (C) leg after a large corrective sequence. The chart labels show a completed corrective (B) low at the horizontal support and an impulsive 1–2 sequence unfolding for the new upward leg. Bias: bullish while price holds above the demand zone/wave-2 low.

The market completed an ABC correction that found support on the horizontal lower boundary. That corrective phase looks finished; we should now be in wave (C) up, the final leg of the correction.

Short-term momentum has flipped, with buyers stepping in at support. This favors trend-following longs into the extension leg (wave 3 → 5)

Target 1 (T1): 1.38408
Target 2 (T2): 1.38810
Stop-Loss (SL): 1.37195

vorgestern

Trade geschlossen: Ziel wurde erreicht

Enjoy the profit!