USDCAD D1 Sell: Elliott Wave
Updated
USDCAD D1 Sell:
- Descending trendline bounce
- Rejected H4/D1 resistance zone
- Elliott Wave triangle pattern
Need confirmation:
- Next daily candle closure below the resistance level (blue box).
- Price respects the daily downward trendline
Entry:
- Enter between: 1.32900 - 1.33000
- Stoploss: 1.33350-1.33400
- Take profit: 1.30600-1.30700
- Descending trendline bounce
- Rejected H4/D1 resistance zone
- Elliott Wave triangle pattern
Need confirmation:
- Next daily candle closure below the resistance level (blue box).
- Price respects the daily downward trendline
Entry:
- Enter between: 1.32900 - 1.33000
- Stoploss: 1.33350-1.33400
- Take profit: 1.30600-1.30700
Trade active
We can enter this trade now. TP & SL advised.
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