USDCAD - A MEGA Drop Inbound!

Complex is an understatement for USDCAD. As you can see from the chart, we have been meticulous in our analysis.

To put it plainly. we are in a major WXY correction (3-3-3). We are in the final stretch of the correction (Wave Y), which appears to be a 535 zigzag.

We are currently in subwave 2 and looking for a massive move down to complete the overall WXY correction.

Trade Idea:
- Watch for subwave 2 to complete
- Once at the top of the structure, watch for rejection
- Enter when reversal signs appear
- Targets: 1.34 (400pips), 1.31 (700pips)

Goodluck and as always, trade safe!