USDCAD near to retracement for another bullish movement
USDCAD 4H
Trend: updtrend
Nature: impulse
Distance of 20ma: Far away
Market State: Close to Thight Narrow (20ma and 200ma very close)
Is a healthy trend?: Yes. Big green candels are present and updtrend just began.
Nº Wave: 1
Turning point near?: Yes. Impulse may come to finish and retracement will start
Value areas:
Buy: B1, B2
Sell: S1
We need to wait price action confirmation in each value area for place entry.
Buyers are stronger than sellers but a retracement for Wave Elliot 2 its about to start.
USDCAD
Trend: updtrend
Nature: impulse
Distance of 20ma: Far away
Market State: Close to Thight Narrow (20ma and 200ma very close)
Is a healthy trend?: Yes. Big green candels are present and updtrend just began.
Nº Wave: 1
Turning point near?: Yes. Impulse may come to finish and retracement will start
Value areas:
Buy: B1, B2
Sell: S1
We need to wait price action confirmation in each value area for place entry.
Buyers are stronger than sellers but a retracement for Wave Elliot 2 its about to start.
USDCAD