An overview of the
currency markets by 
Hello. We hope everyone had a nice and restfull weekend.
This is our wave count for the USD/CAD. As you can see, our count shows we are on the 3rd wave of a Zig Zag (ZZ) movement down. We completed the first wave (of the ZZ Wave 3) as denoted by the “1″. After that, we saw the pair go back up to the 61.8 Fibonacci level from the high at Wave 2 and the low of Wave 1.
Have we completed Wave 2?
Right now, we’re in a watch zone. If the pair breaks the top of the highlighted box, we potentially look for a buy. If the pair breaks the bottom of the box (equal to the low of Wave 1), then we potentially look for a sell.
Remember to always consider your own personal risk and apply your money management techniques when trading.
Good luck and we’ll see everyone shortly.