USDCAD - Downtrend Alert Alert Alert
Meanwhile, USDCAD breaked the trend line and testing it back.
It's a great opportunity to wait to get the confirmation for short entries set up for the intermediate trend.
[Here's some reasons came out from my analysis.]
- The pattern itself showed the same structure compared to the previous structure.
- In the recent upmove, there's no obvious Impulse movement and complex upwave structures are seen..... it's clear that it's a corrective wave structure and downtrend still exists.
Let's wait and see which structure will come out.
- Safe and Happy Trading Guys -
PhyoKo
(26th July 2019) (13:00 UTC)
It's a great opportunity to wait to get the confirmation for short entries set up for the intermediate trend.
[Here's some reasons came out from my analysis.]
- The pattern itself showed the same structure compared to the previous structure.
- In the recent upmove, there's no obvious Impulse movement and complex upwave structures are seen..... it's clear that it's a corrective wave structure and downtrend still exists.
Let's wait and see which structure will come out.
- Safe and Happy Trading Guys -
PhyoKo
(26th July 2019) (13:00 UTC)
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.