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Chart of the Day: Usd/Cad Impulse Structure


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Chart of the Day:

Usd/Cad

Usd/Cad found a top recently around the 1.0600 region, where a Long, black wave III) could found its highs. It looks as though there is a Short, corrective wave IV) already developing, which may drop down to 38.2% retracement zone of the wave III) distance, before an up-trend may continue.

Once wave IV) is complete, we will look for a higher wave V), which should complete the whole impulse structure of a red wave I. Another reversal will then be expected.

TheLFB Charting: Usd/Cad 4h view 

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