Anatomy Of A Forex Setup: USDCAD

Below is a series of daily charts we provided members on the USDCAD since April 29, indicating the forex pair would decline to complete its 5th wave down in circle wave C, which it went on to do.

Last month (on May 13) we indicated an upside reversal was right around the corner, and the final chart (from today) indeed shows this rally has begun (and could very well continue after a pullback I am anticipating).

April 29:

May 13:

June 18:

Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.