USD/CAD: Elliott Wave Analysis and Forecast for 21.08.26–28.08.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3900 with a target of 1.3548–1.3400. A sell signal: the price holds below 1.3900. Stop Loss: above 1.3940, Take Profit: 1.3548–1.3400. Alternative scenario: Breakout and consolidation above the level of 1.3900 will allow the pair to continue rising to the levels of 1.4085–1.4250. A buy signal: the level of 1.3900 is broken to the upside. Stop Loss: below 1.3860, Take Profit: 1.4085&nda