Final wave in USDCAD triple three correction

By wayusa
Updated
Buy USDCAD into potential wave C to complete triple three correction and form a three drives pattern @ 1.3830. Still, might not complete this one as it looks too perfect to materialize :)

Buy 1.3170
Stop 1.3140
Target1 1.3430
Target2 1.3670
Target3 1.3830
Trade active
buy @ 1.3163
stop @ 1.3140
Trade closed: stop reached
Comment
Interesting price action here. 100 weekly MA gets rejected, establishing new price channel. Which means bullish set up is still possible.

snapshot
Comment
Potential long entry @1.3250 at Butterfly Harmonic pattern 1.27 XA ext. near 0.382 previous bull run retracement level

snapshot
Comment
Excellent example of harmonic setup initial reaction, but later continuation of the predominant trend. Quick little profit secured.

snapshot
consoldationcorrectionElliott WaveFLAGretracementreversalreversalpointThree DrivesUSDCADusdcadlong
wayusa

Disclaimer