DjalilLounis

DjalilLounis

Order set at 0,38 Fib Target 1 Wave 3 Low Target 2 the 2,618 ext of the W1 0,7808

DjalilLounis

*****the idea will not be valid if we have a close above the Green arrow the Buy order is set at the 0,61 Fib target W3 Low

DjalilLounis

I think that it is the tiem to long This pair Why ; 1) we are in a major trend line support The Blue one, 2) major horisental support The red one works as support and resistance over a long time 3) we have a divergence in the RSI 8H i will search for more

DjalilLounis

Short Target the 0,5 Fib

DjalilLounis

ABCD or EW or Fib Extensions Or Candlestick formation all leads to the same result we are going to correct in my opinion it will be a deep correction (based in EW alternation between w2 and w4), so i am wating to see USD-CAD at : 1,1792 i will short after a reversal Candlestick formation

DjalilLounis

the Idea is based in EW i want to try trade the Wabe B (downside) shorting the pair trade the wave C upsaude longing the pair in my opinion the Green wave are more probable N/B: i will not open the short position till i have Candlestick formation that conform that the current trend (up) is over.

DjalilLounis

-Hammer in the down trend conformed with the bullish candlestick -Breakout of the monthly trend line need to be retested -gap need to be filled So long

DjalilLounis

I think that it is the W3 from the up mov let see what happen

DjalilLounis

SL: 1228 Target: 1125

DjalilLounis

Long maybe i will catch the W3

DjalilLounis

Shorting the Leg B of the W4 and next will be shorting all the wave W5 target at (-0.0507 high of W1)

DjalilLounis

Trzing to trade the C leg (adding more lot to mz position),

DjalilLounis

If the wave count is right maybe we have a good 1:2 short

DjalilLounis

could be possible ?

DjalilLounis

If we the W1 is finished and and we are going for the W2 could be a good opportunity to catch the W3

DjalilLounis

Here is an idea

DjalilLounis

USDCAD seems to start a new uptrend with wave1 in my opinion he best is to wait to the w2 the retracment often of the 50% fib and go long from there to don't miss the w3

DjalilLounis

Trying to trade wave C from the correction Target 115.68 (It is a test trade in a demo account )