The Canadian dollar has been on a heavy downtrend, and through the days it is becoming more clear that its value is going to continue falling.
According to my Elliott Waves analysis, we are at the beginning of the 4th wave formation on the 4H timeframe, and it can give us a potential solid entry based on this strategy that I've been testing lately from this amazing trader: @AraKerbabian
Anyways, I believe this could be a good opportunity to join the trend so I'll try it.
ENTRY: 106.783
TP1: 105.452
TP2: 104.749
TP3: 104
SL: 107.350
According to my Elliott Waves analysis, we are at the beginning of the 4th wave formation on the 4H timeframe, and it can give us a potential solid entry based on this strategy that I've been testing lately from this amazing trader: @AraKerbabian
Anyways, I believe this could be a good opportunity to join the trend so I'll try it.
ENTRY: 106.783
TP1: 105.452
TP2: 104.749
TP3: 104
SL: 107.350
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.