wave structure of USDCAD is crucial as it will give us an idea how USOIL will move
these two pair and commodity is intensely and inversely correlated . USOIL is directly affected by USD and CAD so this USDCAD pair is always under scrutiny as some traders talked for it inversely
now pair is in a huge WXY to complete its B bigger wave .
there is a blue rectangle from which we are expecting that pair will start its bear move.so we will keep an eye on blue rectangle to follow waves.
keep this scenario in my mind we get an idea for future WTI going ahead . i think that USOIL will make a WXYXZ correction for wave 4 according to USDCAD wave structure so we think that usoil will go up near 110-115 $ and then go down for 75 $
please share you comments
thanks
these two pair and commodity is intensely and inversely correlated . USOIL is directly affected by USD and CAD so this USDCAD pair is always under scrutiny as some traders talked for it inversely
now pair is in a huge WXY to complete its B bigger wave .
there is a blue rectangle from which we are expecting that pair will start its bear move.so we will keep an eye on blue rectangle to follow waves.
keep this scenario in my mind we get an idea for future WTI going ahead . i think that USOIL will make a WXYXZ correction for wave 4 according to USDCAD wave structure so we think that usoil will go up near 110-115 $ and then go down for 75 $
please share you comments
thanks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.