USDCAD - Finally starting to go higher

We've been tracking this pair for 2 weeks now and looks like it's finally Breaking out of this choppy correction!

If price goes above 1.3310, the odds of a continuation higher would increase.


If we see a reversal and price goes below invalidation level, then the count is negated.
A move below 1.3210 would be a first indication that we could see new lows!

Kommentera:

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Kommentera:

It's possible to count this a bit differently but the idea reamins the same, breakout of this correction points higher

Kommentera:

Beware, USD falling, this might be a fake out !

Kommentera:

As expected the fall was fake just to take out some stops.
Now we're in a good start for wave 3, which usually is the longest and sharpest move
.

Kommentera:

We're correcting in this wave (ii). A break above the upper channel line would increase the odds that bulls are taking over again here.

Kommentera:

We reached the expected zone but I'm not fully convinced the correction is over. We might be in a combination here.