USDCAD buy

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I expect to see at least 1 leg higher by means of a wave 5 in orange to target our long term target at 1.34.
Watch for the consolidation to complete before buying USDCAD. I prefer to see a more significant retrace than what we see so far after the bullish move on Friday.

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تعليق:

This is what I like to see guy's, the more significant correction is in progress. Let's see whether it turns into a nice bullish flag. Then buy the continuation.

تعليق:

example of possible consolidation and what to look for:

تعليق:

It turns out we saw a Flat correction for the USDCAD (if we don't invalidate the buy set-up).

I personally didn't trade this pair but the entry was valid. Nevertheless wait for the next confirmation and you will more than make up for it.
Safe trades!

تعليق:

Buy set-up invalidated, no trigger and we will reevaluate.