meszaros
Short

USDCAD's exchange rate is slow to complete its correction...

FX:USDCAD   U.S. Dollar / Canadian Dollar
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USDCAD's exchange rate is slow to complete its correction. Correction would be completed by reaching the 1,27411 level. Then I wait for the second half of a double-wave wave. The wave size, which is similar to the size of the previous wave, may be the angle of the axis of the drop. It is a flat axis that is also supported by the W1 ATR axis. Falling may occur with steadily declining trading. Therefore, the number of back corrections is also increasing. The full fall is made for 3 more falling downwaves and 2 correction waves. The first fall was 1.11660. This level can be reached within the next 7 months.
@meszaros nice analysis. Why do you think the correction will be complete by 1.27411? Dont you think it is already complete
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