USDCAD Waiting for Short
Updated
Wait for the completion of the 5th wave before going short on USDCAD. Initial targets set at 1.17900 levels.
Comment
USDCAD is looking for more price action towards the downside.
The 3 indications telling me that price will reverse are:
1: Broadening top pattern formation
2: 61.8% fib reached
3: Zero line crossover on MACD on Daily chart
Good luck trading everyone.
Comment
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.