USDCAD- Looks B has opened up as 3-waves internally
Updated
The earlier B - wave was taken at 1.3248 highs, but it seems that B-wave itself be a 3-wave sequence or it could be 3rd wave which has started from lows@1.3135
Trading Strategy-
In the first scenario where C-wave developing -USDCAD could go below 1.3189 lows & even below 1.3135 lows -these places should be used to book profits depending on your strategy.
else
if larger 3rd wave has started from 1.3135 lows then also we will see some correction from current levels@1.3235 to 1.3189- likely to take support & bounce for upside move.
In both the cases -USDCAD is looking for an upside move, but with small interruptions as discussed above.
Trading Strategy-
In the first scenario where C-wave developing -USDCAD could go below 1.3189 lows & even below 1.3135 lows -these places should be used to book profits depending on your strategy.
else
if larger 3rd wave has started from 1.3135 lows then also we will see some correction from current levels@1.3235 to 1.3189- likely to take support & bounce for upside move.
In both the cases -USDCAD is looking for an upside move, but with small interruptions as discussed above.
Trade active
06:50 Hrs- 21st Sep2016 As expected USDCAD to drop first atleast till 1.3189 - made a recent low@1.3179
Trade active
21:22 Hrs- 21 Sep2016As expected a fall from 1.3235 to 1.3135 or close by -Made a low@1.3138 & Bounced as shown, currently trading at 1.3190 - we are running with 150 pips approx + & expecting a rally beyond 1.3243 with 1.3135 as crucial support.
Trade active
23:20 Hrs 21st Sep2016Looking for the zone 1.3390-1.3400 & Above 1.3415-1.3420 for 1.3500-1.3550 which will complete A-B-C a larger sequence & then a fall again
tradingview.com/chart/8NXcLvvh/
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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