USDCAD Looks like it may be continuing it's trend to the upside from last year, after spending much of the time this year correcting.
  • So far we can see 3 waves to the downside, with a flat correction ending at the 50% of the move to the upside
  • The retracement on the first leg up is usually deep, indicating a high possibility of a double correction
  • Previous support at the 76.4% marks an ideal spot for a reversal

USDCAD - 4H Wave Count

As per the above chart, there are 3 waves to the upside mar…
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