USD/CAD Bearish Double Correction
Price is trading slightly bullish, but from a technical view, we are turning into a bearish bias as a double correction pattern.
Waves/ legs (W) and (X) have occurred we have to look at how wave (Y) unfolds but it can be any corrective pattern. We can look for bearish trades at the current price or wait for the first leg of the correction pattern and trade the last leg, for example with a Zig-Zag you would trade wave C.
Waves/ legs (W) and (X) have occurred we have to look at how wave (Y) unfolds but it can be any corrective pattern. We can look for bearish trades at the current price or wait for the first leg of the correction pattern and trade the last leg, for example with a Zig-Zag you would trade wave C.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.