USDCAD - A MEGA Drop Inbound!

٢١ يوليو

Complex is an understatement for USDCAD. As you can see from the chart, we have been meticulous in our analysis.

To put it plainly. we are in a major WXY correction (3-3-3). We are in the final stretch of the correction (Wave Y), which appears to be a 535 zigzag.

We are currently in subwave 2 and looking for a massive move down to complete the overall WXY correction.

Trade Idea:
- Watch for subwave 2 to complete
- Once at the top of the structure, watch for rejection
- Enter when reversal signs appear
- Targets: 1.34 (400pips), 1.31 (700pips)

Goodluck and as always, trade safe!