RSS USDСAD: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24

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 RSS USDСAD: Elliott Wave Analysis and Forecast for 20.12.24 – 27.12.24

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Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.4200 with a target of 1.4800 – 1.5200. A buy signal: the price holds above 1.4200. Stop Loss: below 1.4170, Take Profit: 1.4800 – 1.5200. Alternative scenario: Breakout and consolidation below the level of 1.4200 will allow the pair to continue declining to the levels of 1.3970 – 1.3800. A sell signal: the level of 1.4200 is broken to the downside. Stop Loss: above 1.4230, Take Profit: 1.3970 – 1.3800. Main Scenario Consider long positions from corrections above the level of 1.4200 with a target of 1.4800... Read full author’s opinion and review in blog of #LiteFinance
 
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