Right now, USDCAD(
USDCAD) is moving near a Potential Reversal Zone[(1.364 CAD-1.361 CAD)]. Also, we can see a positive Regular Divergence(+RD) between two consecutive valleys.
From an Elliott Wave perspective, it appears USDCAD has completed its five-wave downward sequence, and we might expect corrective upward waves.
I expect that USDCAD could rise at least to about 1.371 CAD, and if the bullish momentum is strong, we could even see a break of the resistance zone(1.375 CAD-1.371 CAD).
First Target: 1.371 CAD
Second Target: 1.373 CAD
Stop Loss(SL): 1.359 CAD(Worst)
Points may shift as the market evolves.
What’s your opinion on USDCAD? Do you think it can break the resistance zone or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌U.S. Dollar/Canadian Dollar Analysis (USDCAD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
USDCAD) is moving near a Potential Reversal Zone[(1.364 CAD-1.361 CAD)]. Also, we can see a positive Regular Divergence(+RD) between two consecutive valleys.From an Elliott Wave perspective, it appears USDCAD has completed its five-wave downward sequence, and we might expect corrective upward waves.
I expect that USDCAD could rise at least to about 1.371 CAD, and if the bullish momentum is strong, we could even see a break of the resistance zone(1.375 CAD-1.371 CAD).
First Target: 1.371 CAD
Second Target: 1.373 CAD
Stop Loss(SL): 1.359 CAD(Worst)
Points may shift as the market evolves.
What’s your opinion on USDCAD? Do you think it can break the resistance zone or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌U.S. Dollar/Canadian Dollar Analysis (USDCAD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
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🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.