USD/СAD Wave analysis and forecast for 12.01 – 19.01

USD/СAD Wave analysis and forecast for 12.01 – 19.01

https://goo.gl/ABLZEJ
USD/СAD Wave analysis and forecast for 12.01 – 19.01
USD/СAD Wave analysis and forecast for 12.01 – 19.01

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

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