It finished decreasing. Broke the channel up with the first wave. Then corrected with the wave 2. Now it will move to the third wave.
The price is in the falling channel. It is rejected from the upper channel and will possibly fall to the lower channel. When this happens. it will also form ABCD pattern. Sell: 80.15 Stop: 81 Limit: 78 - Falling channel - MavilimW This is not a trading signal. Take your own risk.
0.92 is a weekly strong resistance area. When price hits, possibly it will bounce to Fib. 0.236 or Fib. 0.382 level.
USD/CAD is in the descending channel. Strategy 1- ) Sell now with a tight stop. Stop should be placed above the upper channel. Strategy 2-) Wait for breaking the green line to confirm the fall
ABCD is forming. It is now on C and moving down to D. Sell: 1.7037 Stop: 1.7210 Limit: 1.6
This is at Wave count 4 It is rejected by a strong weekly support. Now trying to exit the descend channel. When it breaks, we can open our long position. Buy: When breaks the channel up Stop: 1.0850 Limit: 1.1270 This is not a trade signal.
This is not a signal or any sort of trading advice.
Triangles tested and rejected -Confirmed using: Daily Ichimoku and MavilimW Sell: 0.7260 Stop: 0.73 Limit: 0.67 It is not a trade signal or recommendation, just for price following.
- Wedge test, then fall - Daily Ichimoku - MavilimW Sell: 0.7365 Stop: 0.7450 Limit: 0.71 It is not a trade signal or recommendation, just for price following.
- Wedge test, then fall - Confirmed using: Daily Ichimoku and Daily MavilimW Sell: 0.99 Stop: 1.0 Limit: 0.96 Wait for the confirmation. It is not a trade signal or recommendation, just for price following.