USDCAD 5 wave structure complete on 3 degrees?
Updated
Has the USDCAD topped already? My wave count does say so. By the way I'm already short from 1.39383. But the entry signal was a Bearish Dragon pattern. Nevertheless its a relief to see that my wave count tallies with the trade.
Note
A break above the 1.4000 level would falsify this count. That would make the combined 3rd and 5th waves marked on the chart a whole 3rd wave, then we could anticipate another wave up.Note
Previous comment held true. We had another move up so the end of 5th wave marked was actually the end of 3rd wave. Now we are into the correction. Those who are still bullish on this, dont get caught in the B wave of the correction (suckers wave.)Happy trading
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.