Thursday, January 9, 2020

#USDCAD 4 HR #ElliottWave Count

USDCAD 4 HR Elliott Wave Count

As I mentioned on the Daily chart I just posted, I am looking for a larger corrective bounce up toward the 1.3400 area.  

The pair is showing what could be nexted 1-2's here at the lows and will need to continue higher with shallow pullbacks if it is going to stay impulsive.  IF it can continue higher in a series of 4th and 5th waves I would look to go long on a 3 wave pullback. 

USDCAD 4 HR Elliott Wave Count
USDCAD 4 HR Elliott Wave Count