USDCAD UNDERSTANDING PATTERNS CORRECTLY

Hi Guys, I just thought I might show you what type of patterns we are looking for on this pairs.
We look for specific patterns (names given). As it is right now, we don't have enough info in the chart to either prove the expanding flat or to exclude it and that means we wait. The bigger corrective structure could be an abc or a wxyxz so the possibility for one more up impulse still exist.

Understanding wave theory is important in making good forecast and if you can make good forecast then your probability for a winning trade has just increased.