USDCAD has turned to the 0.75 Fibonacci retracement two weeks back from 1.1278, clearly in A wave which means that this leg belongs to a bigger bearish pattern.
We are looking for A-B-C retracement that should be made by three legs.
Now price is still in wave A but at reversal zone around 1.115 so be aware of a new wave rally in this month back in wave B before downtrend resumes in wave C in the next 3 month
We are looking for A-B-C retracement that should be made by three legs.
Now price is still in wave A but at reversal zone around 1.115 so be aware of a new wave rally in this month back in wave B before downtrend resumes in wave C in the next 3 month
