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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関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。