USDCAD-1.34 is the first target and will see what happens next ?... dari nmkvijay

01 Jan 2022, 18:30 · Views 246

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USDCAD-1.34 is the first target and will see what happens next ?

Mareket commentary:

1. This is a weeklt TF analysis for positional view and will took time to reach the target 1.6000.

2. My last year trade plan is to reach first 1.34 and then 1.38 and then may be above 1.5.

3. But the price action and the structure so for it seems very hasrd to break 1.5 and 1.6 at this

time correlating to USOIL and DXY.

4. So will stick to 1.34 as a first target and will give an update for this.

5. Because in previous it did deeper correction for the wave b) so may be for X) too...

6. Either it could be a WXY or WXYXZ or it could be a simple flat correction completed means it wont break the previous low it made on 2021.

7. Will shoot for Y) above 1.5-1.6 in 3 waves as i shown in the other possibility.

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