USDCAD, Bull-Flag-Breakout Likely To Establish!

Hello,

Welcome to this analysis about USDCAD and the 4-hour timeframe perspectives. USDCAD in recent times as I discovered is forming an interesting formation that can be the appropriate origin for upcoming volatilities to the upside. Therefore, as when looking at my chart now we can watch there how USDCAD has formed this main bull-flag-formation above the ascending-trend-line, within this formation USDCAD has the coherent wave-count with the waves A to C almost already completed and now with the breakout pending. When this breakout finally shows up above the upper-boundary of the bull-flag this will be the right setup to complete this whole bull-flag and to setup bullish continuations which will point to the 1.285 target zone, currently, this is likely to happen and should be expected. It will be important how USDCAD develops further after the targets have been reached if there develops a continuation or USDCAD firstly pulls back to retest lower levels, in any case, this needs to be shown.

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Information provided is only educational and should not be used to take action in the markets.

Comment:

ANALYSIS UPDATE: USDCAD completed the main descending channel breakout with a major accelerated momentum dynamic.

USDCAD since completing the prevalent channel breakout emerged with massive bullish momentum spikes reaching all of the target-zones within my chart.