Ending B wave correction into C? UJ has had a bullish run no one seemed to expect, It appears we have a deep zig-zag correction. Could be a possible move down coming soon. Evening Star forming on daily right by the bearish crab. Looking like a good short sign... to me at least :)
Thanks for checking out my chart! Give me a thumbs up if you agree, or comment telling me how silly this sounds!
I appreciate the feedback! :)
Abccorrection
Fibonacci inversion setup!We have a potential Fibonacci inversion setup on UsdCad which will complete @ 1.29518. This setup is a fib ext. ran from the B point up to the A point. You are then looking to sell the 1.618 level. Target 1 is the .618 Fibonacci retracement with target 2 being a 1.272 fib extension of the entire move. This is a great setup for trending markets that put in a complex pull back/abc correction. If this setup falls into your plan, then keep your eyes on the UsdCad.
Good luck and Good trading!