USDCAD | The best area to buy ๐ฅ
Hello traders , USDCAD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
According to the wave count that has been done, we are in a process of progress.
From this process, waves 1, 2 and 3 are completed and wave 4 is being formed.
The form of wave 4 is zigzag and from this zigzag, wave a is surely over and wave b has an unknown end due to its complexity.
Preferably we consider wave b completed and from wave c we count the waves 1, 2 and 3 and we see this correction of the trend as wave 4 of wave c which gives the probability that Fibo will continue 0.50 to 0.618 decline. And then wave 5 begins.
In the next analysis, we will specify the exact target of wave 5.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
According to the wave count that has been done, we are in a process of progress.
From this process, waves 1, 2 and 3 are completed and wave 4 is being formed.
The form of wave 4 is zigzag and from this zigzag, wave a is surely over and wave b has an unknown end due to its complexity.
Preferably we consider wave b completed and from wave c we count the waves 1, 2 and 3 and we see this correction of the trend as wave 4 of wave c which gives the probability that Fibo will continue 0.50 to 0.618 decline. And then wave 5 begins.
In the next analysis, we will specify the exact target of wave 5.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
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