USDCAD 5 wave structure complete on 3 degrees?

٢٨ ديسمبر ٢٠١٥

Has the USDCAD topped already? My wave count does say so. By the way I'm already short from 1.39383. But the entry signal was a Bearish Dragon pattern. Nevertheless its a relief to see that my wave count tallies with the trade.

٢٨ ديسمبر ٢٠١٥

ملاحظة

A break above the 1.4000 level would falsify this count. That would make the combined 3rd and 5th waves marked on the chart a whole 3rd wave, then we could anticipate another wave up.

٢٤ يناير ٢٠١٦

ملاحظة

Previous comment held true. We had another move up so the end of 5th wave marked was actually the end of 3rd wave. Now we are into the correction. Those who are still bullish on this, dont get caught in the B wave of the correction (suckers wave.)

Happy trading