USDCAD Short
Updated
Wave 4 is approaching the 61.8% level. Sub-wave 3 should be coming to a stop short of this level.
There will be a small retrace to form Sub-Wave 4, which will approach the 50% level.
Sub-Wave 5 will form from here and move to complete Wave 4. Once resistance at the 61.8% level is confirmed, the trade will go active.
There will be a small retrace to form Sub-Wave 4, which will approach the 50% level.
Sub-Wave 5 will form from here and move to complete Wave 4. Once resistance at the 61.8% level is confirmed, the trade will go active.
Trade active
s3.amazonaws.com/tradingview/snapshots/1/1lvZDj35.pngWas slightly off with the wave counting but wave 5 is now complete. The next 3 impulse waves are expected to descend.
SL: 1.28575
TP: 1.27325
Comment
Follow this updated idea for the new TPs, SL, and other trade updates.
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