Plenty of ideas on where the USD CAD will go. For now it retests the HH of this correction. UP/ DOWN is just the direction. Opportunity is present. So, we have an opportunity. Sharp like a Shark. If price touches my PRZ, I will take it. Very good RR.
Cypher on the making. Price might turn down earlier as there are multiple fibo calculations that clusters at the red line. This is a Trump with a dump
Butterfly 88.6 XA clusters 1,618 BC AB=CD pattern to complete just bellow Also price will hit gap's 61,8 retracement in that zone SL above 122184 with TP at BREXIT
We are in a Daily Shark Also a Butterfly on H1.\ Very nice Risk Reward
Bullish Gartley (just XAB drown as triangle) and Bullish Butterfly Small Risk, high Reward
Butterfly to be with tight PRZ Upper rectangle is 127 XA, lower is 1,618 BC TP at the Lowest Low (partial at 38,2 CD leg) SL 072330
Cypher formed in the 4 H bat PRZ Short now SL above X TP 73811
5 waves down finished. AB as part of ABC is complete. We are after C wave. Enter on Stop at 132521 SL 132271 TP 132868
I was expecting a Cypher to complete before GBP will take higher to retest the previous structure. Anyway, we will have a Gartley to complete at that retest. Bear in mind that AB=CD is much higher, so down trend to complete the expected Cypher is still in play in my opinion. This Cypher will offer a cluster of AB=CD and 88,6 fibo, a much better Risk Reward...
Bearish Buttterfly with Evning Star on 15 min. Short Now. SL on top of Evening Star,
Bearish Bat with tide PRZ. Wolf Wave confirms entry. Price can be violent out of PRZ at this level. SL above X. Price action does not favor the trade, the Risk Reward does. If confirmed I am planning to follow price and not to take profits to soon.
Bat Alternate AB=CD completed, so if fundamentals allow, price will take off. Most important would be the 88,6 XA retracement . This one clusters 1,618 BC. There is a huge bullish Gartley on MN, so I expect huge move out of this area.
So we have news and Elliott wavers doesn't care about news. But they surely ignite things. E point going South, than all the way to the sky. Cypher pattern is at D point on daily chart, so we are a bit late. If news come out negative for AUD we might see another move up before the fall.
I see a possible W3 in development. If this is the case, than we will have a huge bull move. I know, USD is being hammered, but this means is hot. Bullish Cypher on Weekly Chart Decide 4 your self.
There is still a set-up in place and a reason to stay long. I would wait for confirmation before buying. Price is retesting PRZ again, and if PRZ rejects it, than we could add more.