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Usd/Cad Pattern and Price: Moving Higher to Complete W.5

Discussion in 'Technical Analysis' started by ActionForex.com, Sep 18, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Although USDCAD has reached the initial end-of-wave target for a W.5, it will likely move higher. This impulsive five-wave structure defines a W.E, which will conclude the complex correction off the July 2007 low, the fractal counterpart of the larger-timeframe W.4.

    complete article here...

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