USDCAD Bullish Setup - Trade Signal
Updated
USDCAD has been sliding within a Complex Corrective Pattern.
This is telling me that an Elliott Wave Impulse could be around the corner.
DXY can bounce for a come-back due to its pending Bullish Divergence.
All other FX-Majors (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD) are onto Reversals.
“Difficult to see; always in motion is the future.” — Yoda
My Loonie Technicals:
* Elliott Wave Complex Correction: Triple Three
* Harmonic Pattern: AB=CD
* 78.6-88.6% Fibonacci Retracement
* 127.2-161.8% Fibonacci Extension
* Demand Zone
* Bullish Divergence
USDCAD LONG Signal:
* Aggressive Entry @ 1.3380 with SL @ 1.3150
* Moderate Entry @ with SL @ 1.3050
* TP1 @ 1.3685
* TP2 @ 1.380
* TP3 @ 1.390
* Safety Measure: when in the green, moving SL to BE.
* BUY Stops on the way up, after pull-backs.
Many pips ahead!
Richard, the Wave Jedi.
This is telling me that an Elliott Wave Impulse could be around the corner.
DXY can bounce for a come-back due to its pending Bullish Divergence.
All other FX-Majors (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD) are onto Reversals.
“Difficult to see; always in motion is the future.” — Yoda
My Loonie Technicals:
* Elliott Wave Complex Correction: Triple Three
* Harmonic Pattern: AB=CD
* 78.6-88.6% Fibonacci Retracement
* 127.2-161.8% Fibonacci Extension
* Demand Zone
* Bullish Divergence
USDCAD LONG Signal:
* Aggressive Entry @ 1.3380 with SL @ 1.3150
* Moderate Entry @ with SL @ 1.3050
* TP1 @ 1.3685
* TP2 @ 1.380
* TP3 @ 1.390
* Safety Measure: when in the green, moving SL to BE.
* BUY Stops on the way up, after pull-backs.
Many pips ahead!
Richard, the Wave Jedi.
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