USDCAD (W,X,Y) Corrective Pattern Going long into a short.

I was able to spot a W,X,Y pattern early on USD/CAD, Right now it's finishing off the (b) correction on the (X) wave. Im hoping for it to retrace to the .618 as I find the X wave to commonly retraces to that spot. After the X wave is complete, I'm hoping for the Y wave to finish up on the major trend line holding as support starting from September 2017. The Y wave retracing to the trend line also fits in with the fact that it is the same length as the W wave.

This would also align with the movement of Eur/Cad. If you look at the analysis I posted for eur/cad right now its a ahead of usd/cad in terms of pattern but it has the same movements. Meaning that Eur/cad is finishing the A correction on the X wave, when it moves up the the B correction, USD/cad will be moving up to finish the X wave.

评论:

I've put out a video going a bit more in depth as to how I see this pair is going to be moving along with EUR/ USD as they will be moving relatively the same for a while.
Check it out and subscribe, Ill be putting out more In-depth analysis on there.

www.youtube.com/watch?v=2ew-y3gd...