Weekly Chart is clearly showing that USDCAD has just completed E5 Structure.
and now its ready to make Correction. It could be ABC. Where A and C will be short and B will be pull back.

If we see Daily or 4H time frames it looks a strong bearish trend.

I will look for short entries. As I have shown FIB Retracement in the chart. I am expecting that I will touch 1.30000 which is also a GOLDEN FIB RATIO 61.8 in next week or in upcoming two weeks.

I will look for Short TRADES on lower time frames with the help of Support-Resistance areas or Price Action Patterns.

Its a big short me.

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Elliott WaveFibonacciMultiple Time Frame Analysis

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