Hello everyone.
We hope everyone had a restful weekend after the NFP.
Our scan has brought us to the USD/CAD Daily charts. As you can see, we have completed the larger term waves 1 and 2. To verify internal waves and if this wave count is correct, we would analyze the same time period in a smaller time frame (usually hourly).
Also, to help portray the uptrend, wait for two (2) consecutive candles to close strongly above the Wave 1 price point.
As always, check the economic calendar for any announcements coming up and uitilize your money management techniques.
Good luck.
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