USDCAD - Finally starting to go higher
We've been tracking this pair for 2 weeks now and looks like it's finally Breaking out of this choppy correction!
If price goes above 1.3310, the odds of a continuation higher would increase.
If we see a reversal and price goes below invalidation level, then the count is negated.
A move below 1.3210 would be a first indication that we could see new lows!
If price goes above 1.3310, the odds of a continuation higher would increase.
If we see a reversal and price goes below invalidation level, then the count is negated.
A move below 1.3210 would be a first indication that we could see new lows!
Bình luận:
It's possible to count this a bit differently but the idea reamins the same, breakout of this correction points higher
Bình luận:
Beware, USD falling, this might be a fake out !
Bình luận:
As expected the fall was fake just to take out some stops.
Now we're in a good start for wave 3, which usually is the longest and sharpest move
.
Now we're in a good start for wave 3, which usually is the longest and sharpest move
.
Bình luận:
We're correcting in this wave (ii). A break above the upper channel line would increase the odds that bulls are taking over again here.
Bình luận:
We reached the expected zone but I'm not fully convinced the correction is over. We might be in a combination here.
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Also, Subscribe to my FREE Telegram Channel for MANY more updates
t.me/em16public
If you have ANY questions, reach out to me through
comments, chat or my Telegram t.me/ewbelgium