USDCAD - Downtrend Alert Alert Alert
Meanwhile, USDCAD breaked the trend line and testing it back.
It's a great opportunity to wait to get the confirmation for short entries set up for the intermediate trend.
[Here's some reasons came out from my analysis.]
- The pattern itself showed the same structure compared to the previous structure.
- In the recent upmove, there's no obvious Impulse movement and complex upwave structures are seen..... it's clear that it's a corrective wave structure and downtrend still exists.
Let's wait and see which structure will come out.
- Safe and Happy Trading Guys -
PhyoKo
(26th July 2019) (13:00 UTC)
It's a great opportunity to wait to get the confirmation for short entries set up for the intermediate trend.
[Here's some reasons came out from my analysis.]
- The pattern itself showed the same structure compared to the previous structure.
- In the recent upmove, there's no obvious Impulse movement and complex upwave structures are seen..... it's clear that it's a corrective wave structure and downtrend still exists.
Let's wait and see which structure will come out.
- Safe and Happy Trading Guys -
PhyoKo
(26th July 2019) (13:00 UTC)
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