USD/СAD Wave analysis and forecast for 12.01 – 19.01
By LiteForex - Fri, 01/12/2018 - 16:17
Estimated pivot point is at a level of 1.2353.
Main scenario: long positions will be relevant from corrections above the level of 1.2353 with a target of 1.2920.
Alternative scenario: breakout and consolidation below the level of 1.2353 will allow the pair to continue declining to a level of 1.2057.
Analysis: Supposedly, a correction stopped developing within the 4-hour time frame, reaching a retracement level of 62% in the form of the wave 2 of (5) of senior level currently shaped like a plane. Apparently, the third wave 3 of senior level started forming now, with a counter-trend impetus of...Read full author’s opinion and review in blog of #LiteForex https://goo.gl/ABLZEJ