USDCAD Bullish ABC correction
USDCAD looks to have completed its 5th wave move lower and we have RSI and stochastic divergence.
We favour an ABC correction into 1.3630 where 1.3630 will either be the A or the C.
Entry 1.3415
TP1 - 1.3630 (5:1 reward:risk)
TP2 - 1.3725 (6:1 reward risk)
In reversal we favour phasing in 3x shorts from 1.3412 into 1.3410 and 1.3360 in extension for break even/small profit
We favour an ABC correction into 1.3630 where 1.3630 will either be the A or the C.
Entry 1.3415
TP1 - 1.3630 (5:1 reward:risk)
TP2 - 1.3725 (6:1 reward risk)
In reversal we favour phasing in 3x shorts from 1.3412 into 1.3410 and 1.3360 in extension for break even/small profit
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