As we can see clearly, Elliott wave is forming well on USDCAD.
No Wonder we had so long of stalling till the T.
As I have analysed back for the Monthly Outlook of USDCAD,
We are looking for THE BIG SHORT ( just like the movie ) of the Dollar Looney.
As I marked the X, being the lowest,
Making
1 - 2 the First Wave
3 - 4 the Second Wave
Lastly 5 the Peak,
And we can see how price went lower to A at 1.2900
and currently having a pullback to 61.8% of Fib Retracement forming the B.
We can expect it to go lower towards C where it will reach 127% of the Lower Fib Retracement.
That's it I have for now,
Till then, tell me what you guys think.
Cheers again :)
No Wonder we had so long of stalling till the T.
As I have analysed back for the Monthly Outlook of USDCAD,
We are looking for THE BIG SHORT ( just like the movie ) of the Dollar Looney.
As I marked the X, being the lowest,
Making
1 - 2 the First Wave
3 - 4 the Second Wave
Lastly 5 the Peak,
And we can see how price went lower to A at 1.2900
and currently having a pullback to 61.8% of Fib Retracement forming the B.
We can expect it to go lower towards C where it will reach 127% of the Lower Fib Retracement.
That's it I have for now,
Till then, tell me what you guys think.
Cheers again :)
