Elliott Wave Analysis: USDCAD Trading At The Start Of A Big Bearish Impulse
|USDCAD made a nice and sharp reversal lower into final wave 5 of 1) yesterday. Today's rally is the beginning of a corrective wave 2), with first leg A in the making. The ideal reversal zone for the undergoing wave 2) is around the 50.0 or 61.8 Fibonacci ratio, from where bears may again push price lower.
USDCAD, 4H
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