USDCAD 06/11/23 Daily OUTLINE
Usdcad
USDCAD 6/11/23
Prices moving in a two converging line; prices making a series of higher high, higher lows which indicates the trend as bullish trend.
That could be wave « D » according to Elliott wave principle, wave « C » cannot be short rather the elongated wave, in regards we wait for the price action around that support level whether the prices breaks indicating REVERSAL or be rejected indicating CONTINUATION.
Be patient reading the lines and getting high probability setups, consider price confluence, volume(importance).
USDCAD 6/11/23
Prices moving in a two converging line; prices making a series of higher high, higher lows which indicates the trend as bullish trend.
That could be wave « D » according to Elliott wave principle, wave « C » cannot be short rather the elongated wave, in regards we wait for the price action around that support level whether the prices breaks indicating REVERSAL or be rejected indicating CONTINUATION.
Be patient reading the lines and getting high probability setups, consider price confluence, volume(importance).
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