USD/CAD can be trading in final stages of a higher degree blue wave three. We see specifically price trading within a probable wedged pattern, known also as an ending diagonal, that can after its completion push prices higher in the opposite direction. In our case, we will expect a three wave reversal into wave four to follow, ideally to around the former wave four at the 1.2771 level.
USD/CAD, 1H
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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