USD/CAD: Elliott wave analysis and forecast for 09.04.21 – 16.04.21
Main scenario: consider short positions from corrections below the level of 1.2643 with a target of 1.2300 – 1.2200
Alternative scenario: breakout and consolidation above the level of 1.2643 will allow the pair to continue rising to the levels of 1.2989 – 1.3308.
Analysis: Daily time frame: wave (С) of 4 of larger degree continues developing, with the first wave 1 of (C) forming inside. The fifth wave v of 1 is forming on the H4 time frame, with wave (v) of v of smaller degree developing inside. The third wave iii of (v) appears to have formed on the... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cFcQ
