USDCAD Short Trade Idea
Updated
Beautiful leading expanding diagonal having formed by UCAD over the past few weeks. I must say it has been a while since I've seen one of these
in this magnitude. Getting right to it, I am expecting a wave (C) impulse to the downside to complete the major ABC correction. Wave A consists
of a 3 wave structure, and so does wave B, this then provides the possibility of a flat correction structure. Let's see how it performs.
I will be sending entry and trade updates below so please do stay tuned if you are interested in this trade as well. Fell free to drop a comment
down below if you've got a counter perspective, I'm always open to learning new viewpoints. Hope you are having a lovely trading week.
Targets:
- 1.23700
- 1.23150
in this magnitude. Getting right to it, I am expecting a wave (C) impulse to the downside to complete the major ABC correction. Wave A consists
of a 3 wave structure, and so does wave B, this then provides the possibility of a flat correction structure. Let's see how it performs.
I will be sending entry and trade updates below so please do stay tuned if you are interested in this trade as well. Fell free to drop a comment
down below if you've got a counter perspective, I'm always open to learning new viewpoints. Hope you are having a lovely trading week.
Targets:
- 1.23700
- 1.23150
Trade active
Note
As indicated in the publication chart, a 5 wave move is expected. Wave 1 and 2 seem to be complete. Expecting to ride wave 3 down.
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