The current USDCAD up trend has already begin to break upwards after 4 months of consolidation. The up drift from the last year low 0.9630 to 1.0610 high, has took shape of and 5 wedge rally within an upward channel. From the first picture we can see how each wave was constituted of 3 wave of minor degree which can be used as a map for future price action. But that up move constitute only the wave I of larger degree, we still have to complete a five wave sequence to conform the Elliott Wave theo…
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