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The minimum required descending structure is executed on the Canadian dollar. Is it time to devalue?


USD / # CAD
Timeframe: 4H

Probably, a downward impulse or even a zigzag with an extension © could have completed (see the link in the description). And if there are no surprises, then quite a commodity currency may begin to move to one and a half Canadians for one American

In terms of trading, I am now starting to gain a small long position with a stop behind the recent low. Since I see a potential inbound upward impulse. I estimate the probability of success as average.

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