USDCAD- Triangle & Triangle = Bullish Opportunity
Updated
From lows@1.2501 -it is blue wave A-B(Triangle)-C wave which could finish at an equality distance of A-wave@1.3540.
Within C-Wave which is further tracing as Red Wave sequence A-B(Triangle) -C wave & we are in C-wave (Red) within Blue C-Wave. Likely, we are close to a thrust upside with very important support@1.3000
Red C-wave also has equality distance in the zone 1.3490-1.3500 which will give resistance to upside move & likely later we shall start down leg.
Previous Update- Have been expecting 3rd wave but since it is taking so much time-this is an alternate view both calls for a bullish scenario with key & critical supports mentioned below.
Key Support@1.3048
Critical Support@1.3000
Within C-Wave which is further tracing as Red Wave sequence A-B(Triangle) -C wave & we are in C-wave (Red) within Blue C-Wave. Likely, we are close to a thrust upside with very important support@1.3000
Red C-wave also has equality distance in the zone 1.3490-1.3500 which will give resistance to upside move & likely later we shall start down leg.
Previous Update- Have been expecting 3rd wave but since it is taking so much time-this is an alternate view both calls for a bullish scenario with key & critical supports mentioned below.
Key Support@1.3048
Critical Support@1.3000
Trade active
07:27 Hrs 5th Oct20161.3175
first d-wave done from 1.3117 to 1.3215 Now falling in e-wave.
e-wave started as expected
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
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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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