Hello friends
In the AUDCAD currency pair, we observed a complete 5 wave.
After these 5 waves, we expected a correction, mostly a zigzag or...
Wave 1 or A, 2 or B and 3 or C have happened.
Right now we have a single uptrend.
For this situation, 2 scenarios can be imagined.
The first scenario, which is more likely, is the end of wave 3 and the beginning of an uptrend.
But the second scenario, which is weaker, can complete its own 5th wave in the majority of a 5-wave and should be counted again.
I am waiting for the price correction to finish and price growth seems more likely.
The first goal of the climb for the first scenario is the range of 0.8950 and the goal of the second scenario is 0.8730
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
In the AUDCAD currency pair, we observed a complete 5 wave.
After these 5 waves, we expected a correction, mostly a zigzag or...
Wave 1 or A, 2 or B and 3 or C have happened.
Right now we have a single uptrend.
For this situation, 2 scenarios can be imagined.
The first scenario, which is more likely, is the end of wave 3 and the beginning of an uptrend.
But the second scenario, which is weaker, can complete its own 5th wave in the majority of a 5-wave and should be counted again.
I am waiting for the price correction to finish and price growth seems more likely.
The first goal of the climb for the first scenario is the range of 0.8950 and the goal of the second scenario is 0.8730
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.