Idea for USDCAD @ 5th June. 2024
Indicates the potential leading diagonal of wave (1/A), which took the form of a raising wedge pattern. It seems that the pair has started to form a new bearish wave, represented by the wave (2/B).
💫 After the completion of this upward wave, we should expect to see a corrective pattern representing the wave (2/B). This pattern should take a different form than a zigzag or flat.
✨If this occurs, we can say that as long as the price continues to trade below the level of 1.36, we expect to see another beaissh wave targeting the level of 1.334.
💫 After the completion of this upward wave, we should expect to see a corrective pattern representing the wave (2/B). This pattern should take a different form than a zigzag or flat.
✨If this occurs, we can say that as long as the price continues to trade below the level of 1.36, we expect to see another beaissh wave targeting the level of 1.334.
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Take your trading to the next level with my expert forex chart analysis.
🟢Funding Investment Management:
t.me/blue_captials
🔴Contact:
t.me/BlueCaptials_Bot
🟢Funding Investment Management:
t.me/blue_captials
🔴Contact:
t.me/BlueCaptials_Bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.