USDCAD - The Bigger Picture - The Next Big Impulse!
From our previous analysis, we had to step back and separate which part was an impulse and correction and label correctly to identify where we have the highest probability of taking a trade.
As you can see from the chart, we are approaching the end of the C wave (1.206) where we will be looking for buying pressure.
If we copy the length of the first Major impulse and paste it at the bottom of wave C, the impulse takes us EXACTLY back to All Time Highs! That can't be a coincidence! Can it?
See chart update for the smaller timeframe analysis.
As you can see from the chart, we are approaching the end of the C wave (1.206) where we will be looking for buying pressure.
If we copy the length of the first Major impulse and paste it at the bottom of wave C, the impulse takes us EXACTLY back to All Time Highs! That can't be a coincidence! Can it?
See chart update for the smaller timeframe analysis.
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USDCAD 12H
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USDCAD 4H
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