USDCAD Swing Trade Opportunity (Sell)
For this setup we have:
-Major 78.6 retracement
-Elliott Wave ABC pattern completion respecting the channel
-Bearish divergence
-Surprisingly good Building Permits data for CAD (6.1% MoM, compared to 3.2% previous and a forecast of -1.0%)
Entries may also be taken once there is a candlestick confirmation.
Aggressive scenario SL: 1.33550
Conservative scenario SL: 1.33850
TP1: 1.32450
TP2: 1.32000
TP3: 1.31550
TP4: 1.31350
Please feel free to send me a message in regards to any questions, feedback or suggestions that you may have.
Enjoy!
-Major 78.6 retracement
-Elliott Wave ABC pattern completion respecting the channel
-Bearish divergence
-Surprisingly good Building Permits data for CAD (6.1% MoM, compared to 3.2% previous and a forecast of -1.0%)
Entries may also be taken once there is a candlestick confirmation.
Aggressive scenario SL: 1.33550
Conservative scenario SL: 1.33850
TP1: 1.32450
TP2: 1.32000
TP3: 1.31550
TP4: 1.31350
Please feel free to send me a message in regards to any questions, feedback or suggestions that you may have.
Enjoy!
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.
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.