USDCAD H4 ABNALYSYS
After completing five impulsive wave to the upside and almost perfect harmonic symmetry of 1to1 harmonic pattern USDCAD is in corrective mode, whre first two waves are done and now one more wave to the downside reamins to complete the cycle.
First target level for wave c is the previous lows @ 1.04563 level. If this one is broken, then wave c might get extended to 1.04315 where 23%Fibo is.
In longer perspective I think the support @ 1.04204 should be tested again.
1.05536 - Swing High
1.05413 - 1.05536 - SUPPLY ZONE
1.04315 - 23.6%Fibo
1.03963 - Weekly Pivot
1.03900 - 1.04204 - BIG DEMAND AREA/KEY LEVEL
Buy the dips of wave c: first level is 1.04550 with tight SL and keep the R/R ratio min.2:1 please. If level of 1.04563 will be broken, please notice that 23.6%Fibo might be hit @ 1.04315.