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.
Note
USDCAD 12H Note
4H Note
Up +2400pips 👀
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.