USDCAD-Two available scenarios - Continuous Wave of 5 , and Endi
We are probably encountering a continuous 5th wave, which can be extended up to the range of 1.2900. The first range to confirm the downtrend is the 1.3033 area, by crossing the price from this range, we can consider the target of 1.2950 to complete wave 5.
In case if the price can break out the range of 1.3240, we will return to the Ending Diagonal pattern scenario.
In my opinion, we are in the 5th extended wave
In case if the price can break out the range of 1.3240, we will return to the Ending Diagonal pattern scenario.
In my opinion, we are in the 5th extended wave
