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CAD

Summer is overFrom the late april lows we got a impulsive wave to the upside. after several weeks of decline. Then we got a boring summer with a lot of side ways movement and nothing exciting. I believe that period is over and that is based on the count above. We got a complex correction wave A, and then correction wave B, and now we should see the end of wave C to (B) which is taking the form of a flat. Disclaimer: www.traderwgun.com Twitter: twitter.com Tradingview: www.tradingview.com Mail: traderwgun1@gmail.com Good luck!
Long
by traderWgun
3
$EURCAD | Geo & AB=CD Pattern | Targets DefinedHello Traders, I have a larger time frame analysis of EURCAD (related link) that shows an overall bearish move looming in the horizon. Nonetheless, this is a great set up for a bullish move to the upside followed by a reversal back down. The level I am paying most attention to is point D of the AB=CD pattern. I am looking for this pattern to complete the full AB=CD pattern and may even pass it in order to hit 5'. Overall, look for a quick bullish move to the upside followed by a stronger move to the downside. Updates to be posted as they come along. Stay tuned, Chartistry
by GWaves
$CADJPY | Possible Geo Formation | Targets DefinedHello Traders, $CADJPY is offering a move to the upside with the targets defined on the chart. The colors mean the following: 1. Dark Red - High Probability Target, Low Probability Reversal 2. Medium Red - Medium Probability Target, Medium Probability Reversal 3. Light Red - Low Probability Target, High Probability Reversal The internals of this possible Geo' point to 79.876 giving us a higher probability of the Medium Red target to be hit. This, in turn, would give us point 4 of the Geo, point d of the internal ab=cd pattern, and point C of the larger AB=CD pattern. From this point I expect a reversal to the downside to create point 5 (5') of the Geo and point D of the larger AB=CD pattern. Note: I have not defined any points of the potential Geo' or the CD leg in the larger AB=CD pattern as point 4 is the trickiest point to predict. Best, Chartistry
by GWaves