USDCAD | The best scenario for climbingđź“ť
Hello traders , USDCAD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
According to the count, Waves 1, 2 and 3 of a leading downward trend have ended and are now within their 4th wave.
The general structure of wave 4 is a zigzag structure, and from this zigzag, waves a and b are formed in the form of a channel, and now there is no doubt between the end or incompleteness of wave c.
Wave c in our opinion has another 5 waves to complete and we will have the view until the bottom of the green channel is not broken.
If the bottom of the orange channel is not broken and an ascent is formed, it is probably for wave 1 of wave 5 of wave c.
Wave a and b and wave c of wave 4 form half of the head and shoulder pattern, and the rest of this pattern will be formed by hitting the specified range and then continuing the climb, and if the bottom of the orange channel is broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
According to the count, Waves 1, 2 and 3 of a leading downward trend have ended and are now within their 4th wave.
The general structure of wave 4 is a zigzag structure, and from this zigzag, waves a and b are formed in the form of a channel, and now there is no doubt between the end or incompleteness of wave c.
Wave c in our opinion has another 5 waves to complete and we will have the view until the bottom of the green channel is not broken.
If the bottom of the orange channel is not broken and an ascent is formed, it is probably for wave 1 of wave 5 of wave c.
Wave a and b and wave c of wave 4 form half of the head and shoulder pattern, and the rest of this pattern will be formed by hitting the specified range and then continuing the climb, and if the bottom of the orange channel is broken, this analysis will be fielded.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️