USD/CAD: Elliott Wave Analysis and Forecast for 16.10.26–23.10.26

Major Takeaways Main scenario: Once the correction has been completed, consider long positions above 1.4087 with a target of 1.4400–1.4570. A buy signal: the local correction ends and the price settles above 1.4087. Stop Loss: below 1.4045, Take Profit: 1.4400–1.4570. Alternative scenario: Breakout and consolidation below 1.4087 will allow the pair to continue declining to the levels of 1.3757–1.3548. A sell signal: the level of 1.4087 is broken to the downside. Stop Loss: abov